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Steel News January 11, 2019 03:30:35 PM

Ministry Aims to Boost Value-Added Domestic Steel Production

Paul Ploumis
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He recommended setting up of a forum comprising of representatives from producers and end users.
Ministry Aims to Boost Value-Added Domestic Steel Production

SEATTLE (Scrap Monster): The Indian government expects dramatic rise in domestic steel production. It urged domestic industry to consume as much indigenously produced steel as possible. The remarks were made by Binoy Kumar, Secretary in the Ministry of Steel during a meeting held Monday in New Delhi, which was mainly attended among others by steel producers and consumers from automotive sector.

Speaking at the conference, the Steel Secretary noted that domestic production of value-added steel is likely to rise significantly, mainly on account of expansion and modernization by integrated steel producers in the country. He recommended setting up of a forum comprising of representatives from producers and end users so as to assess the future requirements and further enhancement of domestic capabilities to meet rising demand. Regular meetings by the forum will help to address problems in existing system, he added.

The Ministry welcomed suggestions from Steel Research and Technology Mission of India (SRTMI) towards formulating policies in connection with production of quality steel, which in turn may be forwarded to the Bureau of Indian Standards (BIS).

In order to ensure proper maintenance of quality and standards, the Ministry had earlier notified as many as 90% of the steel and steel products consumed in the country under Quality Control Orders (QCO). Those items cannot be produced, imported, traded, stocked or sold without BIS mark. Foreign suppliers will also need to obtain BIS registration for exporting these goods into India.