Steel Re-Rolling Mills Association of India · [35th Issue Steel Re Rolling Mills Association of...

[35th Issue Steel Re Rolling Mills Association of India visit www.srma.co.in Page 2

SRMA STEEL NEWSLETTER

SRMA

Steel Re Rolling Mills Association of India

www.sram.co.in

Steel Re-Rolling Mills Association of India www.srma.co.in Email : [email protected]

Sl. No, Name

1. Shri B.M. Beriwala, Chairman

2. Shri Jagmel Singh Matharoo, Vice Chairman

3. Shri Ramesh Kumar Jain, Treasurer

4. Shri Sanjay Jain Committee Member

5. Shri Kailash Goyal “

6. Shri Om Prakash Agarwala “

7. Shri Sushil Sharda “

8. Shri Sandip Agarwal “

9. Shri S S Sanganeria “

10. Shri Sanjay Surekha “

11. Shri R P Agarwal “

12. Shri S S Bagaria “

13. Shri Girish Agarwal “

14. Shri Goutam Khanna “

15. Shri Suresh Bansal “

16. Shri Rajiv Jajodia

“

17. Shri Bhusan Agarwal

“

18. Shri Mahesh Agarwal

“

19.

Shri Sita Ram Gupta “

20. Shri G P Agarwal

“

21. Shri Suresh Goyal

“

22.

Shri Hari Mohan Beriwala “

23. Shri Sitaram Agarwal “

24. Shri Sonal Mittal

“

25. Shri Avinash Bagla

“

26. Shri Shankar Lal Agarwal

“

27. Shri Sandip Gupta

“

28. Shri Dilip Agarwal

Special Invitee

29. Shri Vivek Adukia

Special Invitee

http://www.srma.co.in/

mailto:[email protected]



SRMA


www.sram.co.in

Disclaimer :

SRMA Steel News is a division of Steel Re-Rolling Mills Association of India and takes due care in preparing this

news. Information has been obtained by SRMA from sources, which it considers authentic. However, SRMA does

not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or

omissions or for the results obtained from the use of such information. SRMA is not liable for investment decisions,

which may be based on the views expressed in the News. SRMA especially states that it has no financial liability

whatsoever to the subscribers/users/transmitters/distributors of this News. And no part of this news may be

published /reproduced in any form without SRMA’s prior written approval.

Executive Summary

Key Event of Indian & Global Steel

Indian Labour Laws Complinces

Environmental Awareness Programe

Taxation/Legal (Circular/Notification)

Events

Latest Steel News

CONTENTS



SRMA


www.sram.co.in

Economic development will not be sustainable unless we decrease production cost of goods and

services. India on Global competitiveness index has slipped from 48th

position in 2007 to 71 in

2014; currently China ranks 28th

in the world. This is one of the main reasons for Trade deficit

and Inflation. We simply pass the back to RBI for controlling Inflation. Similarly, we pass the

buck to rising import of Petroleum and Gold for trade deficit.

We must increase economic efficiency of the country that make us globally competitive. The

basic inputs for producing any goods are Capital, Energy, Logistics, Mineral & Labour. Here

comes the role of government policies, which enables cutting cost of these inputs and improving

economic efficiency of the country.

Energy is the most key inputs for production of any goods and services. It must be available in

plenty that too, at cheaper cost. Unfortunately, our faulty policies have converted India as a big

importer of the primary energy like oil, gas and coal. Import could be about 38% of the total

consumption and is on a rising trend. Despite huge imports, we are curbing domestic production

at various levels & value chain. Self-sufficiency on the energy front is most crucial reform for

sustaining growth.

Likewise, Minerals are equally important inputs for any manufactured product. We have crafted

artificial shortage because of a regulatory mess. Even the judiciary has joined the fray. This has

caused shortage and price rise of minerals, affecting the production cost of metals and several

other products. Its impact travels to the entire economy.

India has surplus manpower and labour wages are relatively low. But, this advantage is lost due

to low productivity. Existing labour laws provide extra ordinary job security to workers, but

don’t promote productivity. This discourage producer opting for labour intensive production. So

we lose out on the advantage of cheap labour and also employment. Recent labour reforms are a

good initiative by the government. However, it doesn’t address the core issue of improving

productivity. Production incentive linked wages must be promoted for boosting productivity,

besides other reforms.

No doubt, high growth must be our top agenda. But, we must simultaneously improve economic

efficiency of the country. Once succeed on both the fronts, growth will be consistent without any

hiccups. At the same time, we all become trade surplus and inflation will be under control.

Eventually, our currency become stronger without having to reduce exports. Global investors

will rush towards India and we will command respect among the world fraternity.

TOP



SRMA


www.sram.co.in

KEY EVENTS – INDIAN STEEL

Apex Court allows more Karnataka mines to resume operations

under strict conditions, allows Goa to e-auction 11.4 mt of

extracted ore but declines to increase Karnataka ore mining cap

from current 30 mtpa

Posco-Odisha gets environmental clearance; land acquisition

completed, approaches CCI for prospecting grant

Odisha raises cap on iron ore output by 10% for 2013-14

2.5% duty imposed on scrap import

RSP,DSP, JSPL, Usha Martin – step further towards Indian steel’s

expansion; Tata Steel’s Odisha project to be operational by 2015

Posco – Karnataka, ArcelorMittal – Odisha and Severstal-

Chhattisgarh-NMDC-JV; Major project-exits

SAIL-led consortium to invest Rs.7000/- crore in Afghan plant

Steel import norms eased for mega projects

NMDC entrusts NMDC task of creating the basic infrastructure for the first ultra mega steel plant, with 12

mtpa capacity

SAIL and RINL gets mining lease in Rajasthan

SAIL-Kobe, Usha Martin-Aichi, JSW Steel-Marubani, Raiways-RINL, Tata Steel-Outotec, JSW Steel-

Vallabh Tinplate: major tie-ups continued in 2013-14. So did consolidation (Tata Steel Mataliks, JSPL-

Gujarat NRE Coking Coal, Usha Martin-Zoom Vallabh, Sesa Goa-Sterlite)

RINL-public issue delayed further

Coal block deallocation:a major issue for sponge iron and steel industry

5% duty on iron ore pellet export

Interim Budget cuts excise duty on cars, expected to prop up demand

Iron ore export at around 14 mt, production at 149 mt in 2013-14

Steel, cement and sponge iron companies to pay for captive coal blocks, given free earlier

Expert panel suggests permitting conditional mining activity in Goa with an annual cap of 20 mtpa

NMDC to set up 500-MW power plant at Gonda

KEY EVENTS – GLOBAL STEEL

China lifts export quota on coke, Effective 2013, coke exports to

be administrated by export licences

USA unveils $50 billion infrastructure development plan

expected to boost steel consumption

Giant snowstorm sweeps US Midwest and north-eastern states

but steelmakers remain unaffected.

Zimbabwe allows exports of chome ore.

Ghana places legislative ban on exports for ferrous scarp, citing

domestic priority.

The European Commission launches its ‘Steel Action Plan’ to

boost its domestic steel industry.

Vale receives installation licence for its 90 mpta iron ore project,

the biggest in its history.

Ease off subsidy to fight over capacity: OECD Steel Committee

tells steelmaking countries.

The Eurozone emerged out of its longest recession since inception

China announces shutting down 15 mtpa of iron-making and steel-making capacity by 2015

China Metal Recycling ordered into liquidation by Hong Kong’s High Court.

Qatar bans import of rebar below grade 500 and tightened certification for construction steel imports.



SRMA


www.sram.co.in

Australia to abolish the MRRT and the Carbon Emissions Tax, introduced last year.

The UK’s Scrap Metal Dealers Act 2013 comes into force, banning cash payments for scrap and

introducing a stricter licensing system for scrap dealers.

Standard & Poor’s estimates US shutdown had taken $24 billion out of its economy

ThyssenKrupp sells 5.3 mtpa US plant to ArcelorMittal and Nippon Steel and Sumitomo Metal Corp for

$1.55bn.

2013 J P Morgan Global Manufacturing PMI signaled steady expansion, with average annual reading of

PMI at 51.5, a notch above 2012’s 50 mark.

Ukraine approves import quotas for coke at 210,000t.

The US reinstates rule requiring only domestically-produced armour plate for its military vehicles

equipments.

OUTLOOK 1. Overall, the global economic climate, through mixed, remains positive with the IMF projecting global

GDP growth to strengthen from 3% in 2013 to 3.6% in 2014 and increase further to 3.9% in 2015.

2. Despite the slow growth in India’s GDP in 2013-14, the fact remains that India’s inherent economic

foundation remains robust, specially its financial sector and its vast rural market. Offering endless

opportunities for furthering growth.

3. 2014-15 GDP projections for India indicate a definite upturn for the economy.

4. Interim Union Budget 2014-15 has maintained its focus on infrastructure development and this, coupled

with 12th

Plan’s target of trillion dollar infrastructure investment are big positives for steel demand.

5. The new National Steel Policy is on the anvil, expected to throw greater insights into industry’s future path

of growth.

6. WSA has projected Indian Steel demand to grow by 3.3% in 2014 as compared to global steel use growth

of 3% and Chinese growth of 3.1%. For 2015, further recovery is projected for world (3.3%) and

India(4.5%) and a slowing down for China(2.7%).

7. Vision on indigenous R&D for steel has been laid down with R&D investment target placed at 1% of sales

turnover by 2016-17.

8. While overcoming the impact of the current slowdown will be a challenge in itself, on a more specific note,

scheduled implementation of expansion projects and ensuring raw material security (in realms of both iron

ore and coal) would be core issues before industry in the coming days.

FACT SHEET Indian Steel Industry in 2013-14 (p)

Qty (mt) % change

Crude steel

Production 81.54 4.0

Capacity 99.57 2.6

Total Finished Steel

Production for Sale 85.05 4.1

Import 5.45 -31.3

Export 5.59 4.2

Consumption 73.89 0.6

Source JPC

TOP



SRMA


www.sram.co.in

INDIAN LABOUR LAWS COMPLINCES

The Indian Fatal Accidents Act, 1985 Object: To Provide compensation to families for loss occasioned by the death of a person caused by

actionable wrong.

Main Provision:

1. In case of a death of a person by wrongful act, neglect or default, the party responsible shall be

liable to an action or suit for damages.

2. Every such action or suit shall be for the benefit of the wife, husband, parent and child of the

person whose death shall have been so caused.

3. Not more than one action or suit shall be brought in respect of same subject - matter of

complaint.

The Industrial Employment (Standing Orders ) Act, 1946 Applicability: The Act applied to every industrial establishment which means:

1) Tramway or motor transport

2) Air transport other than for defense purpose

3) Dock-wharf or jetty

4) Inland vessel

5) Mine, quarry or oil fields

6) Plantation :

a) A factory under Factories Act

b) A Railway under Railways Act

c) The establishment who for the purpose of fulfilling a contract with the owner of any

industrial establishment employs workmen.

Certification of standing order:

1) Within 6 months from the date of applicability, the employer shall submit to the Certifying

Officer 5 copies of the draft standing orders proposed by him for adoption in his industrial

establishment.

2) Such standing order should be in conformity with Model Standing Order.

3) Encl: A statement giving prescribed particulars of the workmen employed

and the name of the trade union if any.

Posing of Standing order: The certified standing order shall be prominently posted in English and

in local language on special boards or near the entrance and in all departments where the workmen

are employed.

Payment of subsistence allowance:

1) If any workmen is suspended pending inquiry, the employer shall pay subsistence allowance to

the workers at following rates:

a) 1st 90 days: 50%

b) 91 to 180 days: 75%

c) After 180 days: 100%

TOP



SRMA


www.sram.co.in

ENVIRONMENTAL AWARENESS PROGRAMME

Environment campaign by the State Board Environmental campaign has become an important tool to achieve

effective compliance of various pollution control norms. The

following mechanisms can be fruitfull to promote environmental

awareness :

(a) Generating public awareness and environmental education,

particularly among targeted groups, about relevant laws

and regulations and about their rights, interests, duties and

responsibilities, as well as about the social, environment

and economic consequences of non-compliance;

(b) Promoting responsibility action in the community through

the media by involving key public players, decision-

makers and opinion-builders in such campaigns

(c) Organizing campaigns for fostering environmental

awareness among communities, non-governmental organizations, the private sector and industrial and trade

associations;

(d) Inclusion of awareness and environmental educational programmes in schools and other educational

establishments as part of education;

(e) Organizing campaigns for fostering environmental awareness and environmental educational programmes

for women and youth;

(f) Organizing campaigns for encouraging public involvement in monitoring of compliance.

In a developing country like India, environmental awareness is very much required for each and every level of the

civic society of both urban and rural areas irrespective of their of their economic entity. This is necessary as well as

helpful for any government to build up active public participation in taking action for any kind of environment

cause. This large scale public involvement can strengthen environmental movements for the sake of implementation

of environment-friendly rules and regulations by government machinery in a much better way to have the most

desired results in terms of better environment to live in.

In West Bengal, Considering the fact above, the State Board with active co-operation of the state Government has

initiated various types of environmental awareness programme targeting the people of all works of life. These

positive initiatives also include Government of India sponsored National Green Corps (NGC) Programmes since

2003 throughout the country for the school children.

Apart from this, the Board conducts various campaign programmes throughout the year utilizing the services of

Non-Government Organizations (NGOs), local bodies, educational institutions, various government departments

towards generation of environmental awareness among general people.

TOP



SRMA


www.sram.co.in

TAXATION/ LEGAL NEWS

CIRCULARNO.-15/2014

F.No.133/50/2014-TPL

Government of India

Ministry of Finance

Department of Revenue

(Central Board of Direct Taxes)

New Delhi, the 17th October, 2014

Sub : Approval of long term bonds and rate of interest for the purpose of Section 194LC

of the Income-tax Act, 1961-regarding

1. Section 194LC of the Income-tax Act, 1961, introduced by the Finance Act 2012, provided for lower

withholding tax at the rate of 5% on the interest payments by Indian companies on borrowings made in

foreign currency by such companies from a source outside India. The benefit was available in respect of

borrowings made either under an agreement or by way of issue of long term infrastructure bonds. The

section further provided that such borrowing and the rate of interest should be approved by the Central

Government. Subsequently with a view to lower the compliance burden and reduce the time lag which

would have arisen on account of case-by-case approval, the Central Government had decided to grant

approval to all borrowings by way of loan agreement and long term infrastructure bonds provided they

satisfy certain conditions . The approval and the conditions were detailed in the CBDT Circular No.7 of

2012 dated 21st September, 2012.

2. The Finance (No. 2) Act, 2014 has amended section 194LC with effect from the 1st Day of October,

2014. Consequent to the amendment, the confessional rate of withholding tax has been extended to

borrowing by way of any long term bonds, not limited to a long term infrastructure bond, if the borrowing

is made on or after 1st day of October, 2014. Further, the concluding date of the period of borrowings

eligible for concession under Section194LC which was earlier 01/07/2015 has been extended to borrow

ings made before the 1st day of July, 2017.

3. Therefore, the approval of the Central Government is further required in respect of long term bond

issue and the rate of interest to be paid on such borrowings.



SRMA


www.sram.co.in

4. Considering the fact that there would be a large number of bond issues to be a mechanism involving

approval in each and every specific case would entail avoidable compliance burden on the

borrower/issuer of bond. In order to mitigate the compliance burdenand hardship, the Central Board of

Direct Taxes [with the approval of t h e Central Government] conveys the approval of the Central

Government for the purposes of section1 94LC in respect of the issue of long term bond including long

term infrastructure bond by Indian companies which satisfy the following conditions:-

a. The bond issue is at any time on or after 1st day of October, 2014 but before the 1

st day of July, 2017.

b. The bond issue by the Indian company should comply with clause (d) of sub section (3) of section 6 of

the Foreign Exchange Management Act, 1999 read with Notification No. FEMA3/2000-RB viz. Foreign

Exchange Management (Borrowing or Lending in Foreign exchange) Regulations 2000, dated May 3,

2000, as amended from time to time, (hereafter referred to as “ECB regulations”), either under the

automatic route or under the approval route.

C. The bond issue should have a loan Registration Number issued by the Reserve Bank of India (RBI).

d. The term “longterm” means that the bond to be issued should have original maturity term of three

years or more.

5. Further, the Central Government has also approved the interest rate for the purpose of section194LC

in respect of borrowing by way of issue of long term bond in cluding long term infrastructure bond as

any rate of interest which is within the All-in-cost ceilings specified by the RBI under ECB regulations

as is applicable to the borrowing through a long term bond issue having regard to the tenure thereof.

6. In view of the above, any bond issue, which satisfies the above conditions, would be treated as

approved by the Central Government for the purposes of section194LC. 7. It is also clarified that

consequent to the amendment to Section 194 LC the approval of the Central Government contained in

Circular No.07/2012, in so far as they apply to borrowings by way of a loan agreement, shall be valid for

the borrowings made on or before 30/06/2017 instead of 30/06/2015 as mentioned in the said Circular.

(AshishKumar)

Director(TaxPolicy &Legislation)

TOP



SRMA


www.sram.co.in

EVENTS

INDINOX Stainless Steel Conference 2015

25 - 26 January 2015

Mahatma Mandir, Gandhinagar

Ahmadabad, Gujarat, India

“A window to meet Indian miners and producers to explore business opportunities during one of

the most prestigious stainless steel event of the year”

Metal Recycling Association of India ( Voice of the Indian Recycling Industry )

5&6 February, 2015 - MUMBAI [email protected] Phone : 022-65754321 Fax : 022-67259555 / Visit www.mrai.org.in/imrc2015/ to register online.

Iron Ore Beneficiation Africa

16-17 March 2015 | Radisson Blu Gautrain Hotel, Johannesburg

6th

Year Steel | Power | Cement | Mining National Expo 2014 12,13,14-Dec,2014

BTI Ground, Shankar Nagar, Raipur

Indore Infoline Pvt. Ltd. Manish Sinha Branch Head 406, 4th Floor, Ashiana Trade Centre, Adityapur, Jamshedpur-831013, Tel: 0657-2383186, 6551021, Mob: 9263350107 / 9334080525, Email: [email protected], [email protected]

The 18th Annual Global Iron Ore & Steel Forecast Conference & Exhibition will be held in

Perth on the 10-11 March 2015.

(This event is renowned as the world’s largest gathering of senior iron ore and steel executives

with thousands of industry personnel attending it over the years. It is recognised as the

conference that delivers vital information on the status of the global iron ore and steel sectors.).

TOP

http://www.metalbulletin.com/events/indian-steel-conference/details.html






SRMA


www.sram.co.in

STEEL NEWS

Indian Rebar Importers file Stay

Petition against CBEC Order –

Recent notification issued by the

Indian Finance Ministry on Nov’14

against rising import of non-BIS

Rebar from China, has induced Indian

importers to file a stay petition in

Mumbai High Court. Sources reported

that about 20,000 MT cargo from

China has been held at Mumbai

customs. Indian steel manufacturers

say that imports from China are

rising on the backdrop pf export

benefit given by the Chinese

government

Odisha Government to send Lease Cancellation

Notice to 18 Merchant Mines – Odisha

government is to send cancellation notices to 18

major mines , operation under 2nd

deemed renewal

after the Supreme Court asked them to reply within

a month, on why their lease renewal application

should not be rejected? These mines include major

names such as KJS Ahluwalia, Rungta , Tata Steel

,Mesco,AMTC, KN Ram, Kalinga Mining Corp.

etc. Iron ore production from these closed mines in

last fiscal was about 18-19 MnT. The state

government has allowed Iron ore production at 8 of

the closed 26 mines on 29 May, 2014 through an

express order it is sitting over application of rest of

the mines

Odisha grants 3 months more to Mining Lease Reneal – The Green Bench of the

Supreme Court has granted 3 months of more time to take a decision on Lease renewal of 26

mines running under 2nd

or subsequent renewal. Last May, the apex court shutdown 26th

Mines and directed the state government to take a decision on fate of mines within 6

months ending 15, Nov’14. Out of the 26 Mines, the government allowed 6 captive mines

operated by Tata Steel, SAIL and one standalone OMC mine to operate through express

orders. Rest of the 18.

Indian government trying best to improve iron ore supplies to domestic steel mills (Follow @steelguru on Twitter for important updates)

Mr Narendra Tomar, the steel & mines minister said that the government is trying its best to improve iron ore

supplies to ease the problems of the domestic steel industry. Mr Tomar said that come at a time when ore

imports are rising and the NDA is faced with the prospect of not being able to introduce the much-awaited

revised Mining Bill in the current session of Parliament which ends on Tuesday.

He said that "We are trying our best to increase availability of iron ore for the steel industry." He added that

fuel supplies to steel plants have not been disrupted due to Supreme Court's (SC) decision to cancel coal

blocks. The ministry of steel has taken up the matter of ensuring adequate availability of coal to the steel sector

with Coal Ministry.

Mr Tomar said that he was responding to a query on whether the government has made any assessment of the

adverse effect of cancellation of coal block allocations by the Supreme Court on operational steel plants. If

there is a crisis in the steel industry, it is due to inadequate availability of iron ore.

Source - Economic Times Get latest updates through Twitter - Follow @steelguru (www.steelguru.com)

http://www.steelguru.com/



SRMA


www.sram.co.in

Goa government renews 12 more iron ore mining leases (Follow @MinesGuru on Twitter for important updates)

Times of India reported that the state government has received INR 125 crore in form of stamp duty from 12 more

mining companies for the renewal of mining leases.

Last week directorate of mines and geology had issued order to 12 mining companies to pay stamp duty for the

renewal of their mining leases. Out of 12 mining leases who have paid stamp duty, 7 belong to Chowgule and

Company Private Limited, 4 belong to V M Salgaocar and Brothers Private Limited and 1 Sesa Goa.

Mr Prasanna Acharya, director of DMG, said that out of 12 mining leases, DMG has issued lease renewal orders for

seven mining leases and remaining leases renewal orders will be issued next week.

With 12 more mining leases paying stamp duty, the total number of mining leases renewal will go up to 39 mining

leases. So far state government has received stamp duty from 39 mining leases out of which 16 mining lease

agreements have been executed between the DMG and mining companies. Earlier, the state government had

received 376 crore in the form of stamp duty from 27 mining leases.

Government likely to Auction 49

Coal Blocks – Post cancellation of

coal blocks, the government is likely

to put 49 canceled coal blocks under

hammer, which will be conducted

by MSTC. It is expected that 24

blocks will be reserved for steel

manufacturers and 17 for power

producers. A sub-committee formed

by the government to evaluate coal

block auction to private companies

as well as block allocation to

government companies, has

recommended to reserves 8 blocks

for domestic cement plants.

Will Indian Secondary Steel Mills survive

for long? - It is a matter of concern whether

the secondary steel mills will survive for

long. Secondary steelmakers mostly cater to

construction industry with Steel long. They

manufacture steel either by IF or EAF route

and command around two-third of the Rebar

market share. Secondary steel market is right

in the middle of tug of war. On one hand,

raw materials like Iron ore and Coking coal

are inadequately available in the domestic

market; domestic Iron ore is costlier

compared to imported material. On the other

hand, poor demand from the construction

sector coupled with rising rebar import has

forced the steelmakers to cut down

production. Along with this, some of the

primary steelmakers like SAIL, RINL &

JSW have plans on expanding their long

products capacity in the coming years. These

giants are slowly penetrating into small

towns & villages and eating up market share

of smaller mills, making their survival

questionable.



SRMA


www.sram.co.in

The state government has decided to approve around 45 mining leases by January 2015 and the cap on iron ore

extraction from each mine will also be decided in the same period. Mining lease deeds signed by the government

belong to V M Salgaocar and Brothers Private Limited, 2 belong to Fomento and 1 each belongs to Kunda Gharse

mine, G N Agarwal, Geetabala Parulekar, Rajaram Bandekar Private Limited, Chowgule and Company Private

Limited, Sesa Goa and Lithoferro.

The recent judgment of Supreme Court had allowed mining of iron ore in Goa with an upper limit of 20 million

tonnes per year.

The mining companies are hopeful of starting fresh extraction of iron ore in Goa from October 2015.

Source - Times of India

Get latest updates through Twitter – Follow @MinesGuru

( www.minesguru.com)

Government of India

Ministry of Steel

26-December-2014 17:59 IST

Year End Review - 2014 of Ministry of Steel

TRENDS AND DEVELOPMENT IN STEEL SECTOR

Steel sector trends

India is currently the 4th

largest producer of crude steel in the world as against its 8th

position in 2003.

India continues to maintain its lead position as the world’s largest producer of Direct Reduced Iron (DRI)

or Sponge Iron.

The steel sector contributes nearly 2% of the country’s GDP and employs over 6 lakh people.

The per capita consumption of total finished steel in the country has risen from 51 kg in 2009-10 to about

60 kg in 2013-14.

Production and Consumption of Steel

Capacity for crude steel production expanded from about 75 million tonnes per annum (mtpa) in 2009-10

to about 101.02 mtpa in 2013-14.

Crude steel production grew at 7% annually (CAGR) from 65.84 million tonnes in 2009-10 to 81.69

million tonnes in 2013-14.

Production for sale of total finished steel (alloy + non-alloy) stood at 87.67 million tonnes during 2013-

14, as against 60.62 million tonnes in 2009-10, an average annual (CAGR) growth of 9%.

Real consumption of total finished steel (alloy + non-alloy) has grown at a CAGR of 7.2% during the last

five years.

Domestic real consumption of total finished steel (alloy + non-alloy) was at 74.09 million tonnes in 2013-

14 and increased by 0.83% on a year-on-year basis.

http://www.minesguru.com/



SRMA


www.sram.co.in

Export of total finished steel (alloy + non-alloy) during 2013-14 stood at 5.98 million tonnes while import

of total finished steel (alloy + non-alloy) during 2013-14 stood at 5.45 million tonnes.

India was a net exporter of total finished steel in 2013-14.

MAJOR INITIATIVES AND ACHIEVEMENTS

The Steel & Steel Products (Quality Control) Orders, 2012, have come into effect from 1st Oct 2014 on all

15 products having direct bearing on safety & security on human beings and infrastructure.

Expansion of two steel plants namely IISCO, Burnpur and Rourkela Steel Plant are ready to be dedicated to

the nation, thus adding about 4.7 million tonnes of crude steel capacity.

Active engagement with Ministry of Mines, Coal and also Ministry of Environment and Forests has been

undertaken for simplification of procedures.

Facilitated the formation of Indian Steel Association (ISA) to articulate the needs and aspirations of the steel

sector of the country.

As a major step towards ensuring long term security in the supply of coking coal, ICVL has taken over the

operating coal mine and coal assets of Rio Tinto in Mozambique.

TOP

Steel Re-Rolling Mills Association of India · [35th Issue Steel Re Rolling Mills Association of...

Documents

Transcript of Steel Re-Rolling Mills Association of India · [35th Issue Steel Re Rolling Mills Association of...