Centre Committed to Support Steel Industry to Achieve Target of 300 Million Tonnes Per Annum Capacity by 2025: Minister of Steel & Mines Narendra Singh Tomar
The Ministry of Steel is organising a one day conference on ‘Roadmap to 300 Million Tonnes: Opportunities & Challenges for Secondary Steel Producers’ tomorrow i.e. 22nd August 2015 in Vigyan Bhawan, New Delhi. The Union Finance Minister, the Minister of Corporate Affairs and the Minister of Information and Broadcasting Shri Arun Jaitley will inaugurate the conference in the presence of the Union Minister of Steel and Mines Shri Narendra Singh Tomar. “Our Government is fully committed to address every problem and bottleneck of the ailing steel industry and achieve the target of 300 Million Tonnes Per Annum (mtpa) capacity by 2025” Shri Narendra Singh Tomar has reiterated addressing senior industrialists and officials at earlier occassions.
Steel is the backbone of any modern economy. The level of per capita consumption of steel is often considered an important index of the level of economic development. Steel production in India has been steadily increasing, and has doubled in last ten years - from 43.44 million tonnes (MT) in 2004-05 to 88.12 MT in 2014-15. Today the steel sector contributes nearly 2% of country’s GDP.
India occupies a central position on the global steel map and has overtaken the US to become the third-largest steel producer in the world. India is predicted to triple its production capacity from roughly 110 MT presently to about 300 MT in the next 10 years.
The steel production landscape across the globe is largely dominated by blast furnace based integrated steel producers who make steel using the basic ore. However, In India, the contribution of this route of steel making is low at around 45% only and majority steel (55%) is produced adopting the electric steel making process using steel scrap or from sponge iron produced in-house or purchased. While some of these units are very large, of the order of several million tonnes, most of the units are small, of the order of a few thousand tonnes to a few lakh tonnes per annum and conventionally known as mini steel plants. These are mostly Electric Induction Furnace (EIF) and/or Electric Arc Furnace (EAF). India enjoys a unique position in steel making where about 32% steel is produced in Electric Induction Furnaces. India is also the largest producer of sponge iron producing about 24 million tonnes per annum. Besides the steel producers, there are a large number of steel processing units viz. Steel Re-Rolling Mills, Cold Rolling Mills, Galvanizing Units and Colour Coating units which produce value added steel from purchased/ imported semi-finished / finished steel inputs. In trade and commercial parlance, all steel producers and steel processors are classified under broad category ‘secondary steel sector’.
It is for the very first time that a conference exclusively for the secondary steel sector is being organized under the aegis of the Ministry of Steel jointly with FICCI and JPC. The conference aims to look at the readiness of the secondary steel producers to reach this target and the issues and challenges they foresee therein. Accordingly, CEOs/ Chairmen of all concerned associations namely, Sponge Iron Manufacturers Association (SIMA), All India Induction Furnace Association (AIIFA), Steel Furnace Association of India (SFAI), All India Steel Re-Rollers Association (AISRA), Steel Re-rolling Mill Association (SRMA), Sihor Steel Re-rolling Mills Association (SSRMA), Steel Wire Manufacturers Association of India (SWMAI) as well as CEOs/ CMDs of well-known companies have been invited for their participation in the conference.
The conference will serve as a good platform for the steel producers in the secondary sector to identify the right set of opportunities and discuss around solutions to the issues faced. The conference reiterates the strong commitment that the Ministry of Steel accords to the secondary steel producers in the country.
Steel is the backbone of any modern economy. The level of per capita consumption of steel is often considered an important index of the level of economic development. Steel production in India has been steadily increasing, and has doubled in last ten years - from 43.44 million tonnes (MT) in 2004-05 to 88.12 MT in 2014-15. Today the steel sector contributes nearly 2% of country’s GDP.
India occupies a central position on the global steel map and has overtaken the US to become the third-largest steel producer in the world. India is predicted to triple its production capacity from roughly 110 MT presently to about 300 MT in the next 10 years.
The steel production landscape across the globe is largely dominated by blast furnace based integrated steel producers who make steel using the basic ore. However, In India, the contribution of this route of steel making is low at around 45% only and majority steel (55%) is produced adopting the electric steel making process using steel scrap or from sponge iron produced in-house or purchased. While some of these units are very large, of the order of several million tonnes, most of the units are small, of the order of a few thousand tonnes to a few lakh tonnes per annum and conventionally known as mini steel plants. These are mostly Electric Induction Furnace (EIF) and/or Electric Arc Furnace (EAF). India enjoys a unique position in steel making where about 32% steel is produced in Electric Induction Furnaces. India is also the largest producer of sponge iron producing about 24 million tonnes per annum. Besides the steel producers, there are a large number of steel processing units viz. Steel Re-Rolling Mills, Cold Rolling Mills, Galvanizing Units and Colour Coating units which produce value added steel from purchased/ imported semi-finished / finished steel inputs. In trade and commercial parlance, all steel producers and steel processors are classified under broad category ‘secondary steel sector’.
It is for the very first time that a conference exclusively for the secondary steel sector is being organized under the aegis of the Ministry of Steel jointly with FICCI and JPC. The conference aims to look at the readiness of the secondary steel producers to reach this target and the issues and challenges they foresee therein. Accordingly, CEOs/ Chairmen of all concerned associations namely, Sponge Iron Manufacturers Association (SIMA), All India Induction Furnace Association (AIIFA), Steel Furnace Association of India (SFAI), All India Steel Re-Rollers Association (AISRA), Steel Re-rolling Mill Association (SRMA), Sihor Steel Re-rolling Mills Association (SSRMA), Steel Wire Manufacturers Association of India (SWMAI) as well as CEOs/ CMDs of well-known companies have been invited for their participation in the conference.
The conference will serve as a good platform for the steel producers in the secondary sector to identify the right set of opportunities and discuss around solutions to the issues faced. The conference reiterates the strong commitment that the Ministry of Steel accords to the secondary steel producers in the country.
Courtesy: pib.nic.in
No comments:
Post a Comment