Steel ministry creates level playing field for steel producers

Image
Capital Market
Last Updated : Feb 21 2019 | 6:16 PM IST

Stops classifying steel producers as integrated steel producers, primary steel producers & secondary steel producers

In order to provide a level playing field to steel manufacturers, both SMEs and large players, with different capacities and following different routes of steel production, Ministry of Steel has stopped classifying steel producers as integrated steel producers, primary steel producers, secondary steel producers.

Instead, once the steel product is certified by the Bureau of Indian Standard and meets the desired specifications, no distinction shall be made on account of the basic input material and the process followed. 53 quality control orders have been issued in this regard laying down the quality standards for several steel products.

Government engineering departments especially in the C.P.W.D., Military Engineering Service and N.B.C.C. have been asked to ensure adherence to the above clarification and avoid any restrictive practices in their tenders.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 21 2019 | 5:54 PM IST

Next Story