Steel Ministry

Union Budget 2019: Steel ministry seeks higher import duties on finished products to deter Chinese imports

India’s steel ministry has sought an immediate increase in import duties on finished steel products to 15 percent from a range of 7.5 percent to 12.5 percent, citing a threat from Chinese imports and excess global capacity, an internal note reviewed by Reuters showed

Narendra Modi's 'Make in India' a casualty as steel, auto firms spar over sourcing; minister seeks relaxation in import rules

The steel ministry in August announced stringent import rules for some high-grade steel products that are sourced by carmakers from countries such as Japan and South Korea but not yet manufactured in India.

Mineral block auction: Government planning to put single window clearance system in place

Earlier, the steel ministry had said that it was totally in favour of a single window system.

Govt considers raising import duty on some steel products to 15% from current 5-12.5% to support rupee

In the three months to end-June, India became a net steel importer for the first time in two years, with foreign supplies reaching 2.1 million tonnes, up 15 percent from a year earlier, according to official data.

Steel ministry announces pension scheme for CPSEs; move to benefit about 1.5 lakh employees

The pension scheme is estimated to cost an additional financial burden of Rs 540 crore.

Steel minister directs SAIL to take steps to free land from encroachers in different parts of country

Steel Minister Chaudhary Birender Singh during a meeting with officials of Steel Authority of India Ltd (SAIL) expressed serious concern over encroachment of land in different plants and units of SAIL in the country

Plans afoot to set up 20 vehicle scrap centres, says steel secretary Aruna Sharma

The proposed vehicle scrapping policy for mandatory disposal of more than 20-year old commercial vehicles will go for the Cabinet nod soon

India pips Japan to become second largest crude steel maker in February

Attributed the growth in steel production to the right policies undertaken by the Modi government, Nikunj Turakhia, president, Steel Users Federation of India (Sufi) said

Budget 2018: Secondary steel makers demand removal of import duty on scrap

Secondary steel industry body All India Induction Furnaces Association (AIIFA) has urged the government to remove 2.5 percent import duty on steel melting scrap in the upcoming budget.

New Steel Policy to boost domestic products use, invest Rs 10 lakh cr to up capacity to 300 mn t by 2030

The policy is applicable to all government tenders where price bid is yet to be opened.