Steel Min­istry com­pletes three Glo­ri­ous Years of progress

SAIL AND ARCELOR MITTAL SET TO FOR­MALISE JOINT VEN­TURE FOR AU­TO­MO­TIVE-GRADE STEEL PRO­DUC­TION, SAYS BIREN­DER SINGH

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The Union Steel Min­is­ter, Chaud­hary Biren­der Singh, ad­dressed a Press con­fer­ence in New Delhi on the achieve­ments of the Steel Min­istry in three Years of NDA Govern­ment. He said that the In­dian steel in­dus­try is at the cusp of an­other sig­nif­i­cant mile­stone by be­com­ing the sec­ond largest stain­less steel pro­ducer in the world, leav­ing be­hind Ja­pan.

Singh said that the steel sec­tor is yet an­other ex­am­ple of all-round de­vel­op­ment in In­dia un­der Prime Min­is­ter Naren­dra Modi’s lead­er­ship.”on May 3, the Cab­i­net un­der Prime Min­is­ter Modi ap­proved two poli­cies of the steel min­istry and we are work­ing on their im­ple­men­ta­tion. We are very con­fi­dent that the steel sec­tor will be­come more vi­brant and dy­namic af­ter the ‘Na­tional Steel Pol­icy 2017’and ‘Pol­icy for pref­er­ence to domestically man­u­fac­tured iron & steel prod­ucts in govern­ment pro­cure­ment’ be­come ef­fec­tive. The roadmap to im­ple­ment the new poli­cies will be fi­nalised in six months to one year.

He de­scribed the steel in­dus­try’s last three years’ jour­ney as:

Speak­ing of the SPU RE­VIVAL, he said that three Steel Pro­cess­ing Units — Jagdish­pur in UP, Bet­tiah in Bi­har and Kan­gra in Hi­machal Pradesh — are go­ing to be op­er­a­tionalised within one year and in­volve an in­vest­ment of Rs 500 crore. These units will make value-added prod­ucts like crash bar­ri­ers, black pipes, TMT bars and GC sheets. in May 2015 a Spe­cial Pur­pose Ve­hi­cle route was adopted by the Union Govern­ment for the cre­ation of green­field steel ca­pac­ity. This process has been started in the four states of Ch­hat­tis­garh, Odisha, Jhark­hand and Kar­nataka. Speak­ing about Zero Waste Pro­duc­tion, the Steel Min­is­ter said that a 120-mw power plant was in­au­gu­rated in April 2017 at RINL Vishakha­p­at­nam us­ing waste gases of the steel plant. The huge fine dumps, waste slag, slime etc from steel plants need to be utilised by us­ing in­no­va­tive tech­niques for pel­leti­sa­tion of fines, slag-ce­ment for slag to­wards a Clean & Green Steel Sec­tor in In­dia.

The Min­istry of Steel and the UNDP have worked for en­ergy con­ser­va­tion in 300 sec­ondary steel units and plans are in place are to up­scale to 1,000 sec­ondary steel units. This would re­duce CO2 emis­sions, roughly equiv­a­lent to tak­ing all pas­sen­ger cars off Delhi’s roads, Singh added. He said that the steel in­dus­try needs a par­a­digm shift and must move from semi-fin­ished/ crude steel to value-added steel. This will lead to bet­ter margins and im­prove com­pet­i­tive­ness. “We are hope­ful that SAIL and Arcelor Mittal would soon for­malise their Joint Ven­ture for pro­duc­tion of au­to­mo­tive grade steel. This will be a big step un­der the Prime Min­is­ter’s Make in In­dia Pro­gramme” he added.

En­list­ing new Schemes for Sec­ondary Steel Pro­duc­ers in 2017-18, he said that the steel min­istry will work on rank­ing of the Top 50 Sec­ondary Steel/ Smart Pro­duc­ers and awards will ne given for best per­form­ing plants in the sec­ondary steel sec­tor, solely on the cri­te­rion of their prod­ucts of BIS stan­dards and cost ef­fec­tive­ness. The Min­is­ter also an­nounced the in­sti­tu­tion of Best Steel Struc­tures Awards in PMAY (Ru­ral and Ur­ban), build­ing projects, and roads made with steel-re­in­forced ce­ment con­crete and other ex­tra­or­di­nary struc­tures us­ing steel in abun­dance.

Singh added that the GST regime is good for the Steel Team as Goods & Ser­vices Tax rates and slabs for raw ma­te­ri­als like iron ore, man­ganese, coal etc are in the 5 per cent bracket and semi-fin­ished and un­fin­ished goods are in the 18 per cent bracket. The steel in­dus­try will see a re­duc­tion in in­put cost with the GST. Min­is­ter of State for Steel Vishnu Deo Sai, Steel Sec­re­tary Dr Aruna Sharma and se­nior of­fi­cials from the Min­istry and steel PSUS were present on the oc­ca­sion.

Pur­su­ing a clear growth agenda, the Min­istry of Steel has many firsts to its credit. In 2015, In­dia be­came the world’s third largest pro­ducer of steel. Re­cent data show that In­dia is now look­ing at po­si­tion­ing it­self as the sec­ond largest.

UNION STEEL MIN­IS­TER CHAUD­HARY BIREN­DER SINGH AD­DRESS­ING A PRESS CON­FER­ENCE ON THE ACHIEVE­MENTS OF THE MIN­ISTRY DUR­ING THREE YEARS OF NDA GOVERN­MENT

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