Steel Ministry

New Delhi had last December imposed import tariffs on some grades for three years but despite the measure, there has been a surge in imports

The Steel Ministry has asked its undertakings, SAIL and NMDC, to explore mineral assets abroad to help secure long-term raw material requirements and support input costs, an official said. Steel Authority of India Ltd (SAIL) is India's largest public sector steel-making entity, and NMDC is the country's leading iron ore player. On a query on whether steel PSUs, especially SAIL and NMDC, have been asked to look for mining assets abroad, the senior ministry official replied in the affirmative. The move will help secure future requirements and reduce cost, the official said without sharing further details. Iron ore and coking coal are two basic raw materials needed to produce steel, besides limestone and pulverised coal injection (PCI Coal), among others. While iron ore is available in abundance in the country, Indian steel makers, including SAIL, remain heavily dependent on imports for 85-90 per cent of their coking coal requirements from countries such as Australia and Mozambique.

India's finished steel consumption rose 8.1 per cent in April 2026, while prices of long and flat steel products recovered amid stronger demand conditions

India's finished steel consumption rose 7 per cent to 164 million tonnes in 2025-26, supported by strong demand from infrastructure, construction and manufacturing sectors

India, the world's second-biggest crude steel producer, is in the midst of its worst LPG supply crisis in decades as shipments from key producers in the West Asia have been disrupted

Industry body to seek higher import duty, safeguard measures and life-cycle cost analysis in infrastructure procurement as it pushes for a dedicated national policy for stainless steel

EU urged to recognise domestic carbon costs as CBAM nears; SIMS easing and policy changes underway

Union Minister H D Kumaraswamy unveiled third round of speciality steel PLI scheme with relaxed thresholds, updated pricing benchmarks, and wider MSME participation to boost steel manufacturing

The steel ministry has approved a Rs 5,000 crore scheme to promote low-emission steel, with 80% of funds directed to the secondary sector and incentives linked to emission cuts

The Centre is preparing a ₹5,000 crore mission to help steelmakers adopt clean technologies, focusing on secondary producers while pushing green steel demand and procurement

Over 1,000 employees of disinvestment-bound steelmaker RINL have applied for voluntary retirement scheme (VRS), Parliament was informed on Friday. The benefits for VRS-II in RINL are according to guidelines of Department of Public Enterprises (DPE) dated July 20, 2018, Minister of State (MoS) for Steel Bhupathiraju Srinivasa Varma said in a reply to the Rajya Sabha. The minister said the benefits of VRS-II are the same as were extended in VRS. "RINL offered VRS for opting eligible and interested employees on 14.06.2025. The scheme had commenced on 16.06.2025 and the last date for withdrawal of submitting applications was 18.07.2025. (A total of) 1,017 number of employees have opted for VRS," he said. As per an official document, the company employed 13,536 regular employees (4,390 executives, and 9,146 non-executives) as on March 31, 2024. Cabinet Committee on Economic Affairs on January 27, 2021 accorded "in principle" approval for 100 per cent disinvestment of Government of Indi

India's steel ministry has delayed BIS certification rules on steel imports by four months, offering relief to importers facing compliance hurdles and protecting in-transit shipments from disruption

The latest order gives a table listing 144 steel items with their IS and the inputs and their IS for making 124 of those items

Telangana CM Revanth Reddy, who met Union Minister for Heavy Industries and Steel H D Kumaraswamy in the national capital, has thanked the Centre for sanctioning 2,000 electric buses to Hyderabad under the PM e-DRIVE scheme. Reddy urged Kumaraswamy to allocate 800 more Electric Buses (EVs) to Hyderabad. According to a press release issued by the Union Minister's office, the Chief Minister also submitted a formal request for the allocation of additional electric buses, citing the growing urban mobility demands in Telangana and the need for cleaner, more efficient public transport solutions. Kumaraswamy said, The Government of India is fully committed to building a cleaner, greener and future-ready mobility ecosystem. The 2,000 e-buses sanctioned to Hyderabad under the PM e-DRIVE scheme are a transformative step toward reducing urban pollution, modernising public transport and improving quality of life for citizens. The CM, on Saturday, brought to the attention of Kumaraswamy that th

India, the world's second-largest producer of crude steel, aims to boost its overall steelmaking capacity to 300 million tons by 2030, up from about 200 million tons currently

India will try to support the domestic steel industry through incentives for decarbonisation efforts, Steel Secretary Sandeep Poundrik

The stock was in demand after the company inked a Memorandum of Understanding (MoU) with Ministry of Steel under the Production Linked Incentive (PLI) scheme 1.1 for specialty steel

A total of 25 companies signed 42 agreements with the government to manufacture high-end steel at an estimated investment of Rs 17,000 crore under the second round of the PLI Scheme for speciality steel, an official statement said on Monday. In January, Union Minister of Steel and Heavy Industries HD Kumaraswamy launched the second round of the PLI scheme for speciality steel, termed PLI Scheme 1.1. "The second round has seen greater enthusiasm, with 25 companies submitting 42 applications, committing investments worth Rs 17,000 crore," the Ministry of Steel said. The companies signed memorandums of understanding (MoUs) with the Ministry of Steel to produce five types of high-grade steel. In the first round, 44 applications were submitted by 23 companies, with incentives already disbursed for one project. "Domestically, we are not manufacturing speciality steel, but I personally request our steelmakers to invest in speciality steel plants. If you succeed in producing speciality st

MoS for Steel and Heavy Industries Bhupathiraju Srinivasa Varma said that steel is deregulated sector and decisions such as investment, production are based on techno-commercial considerations

The government is considering merging pellet maker KIOCL with iron ore major NMDC. Union Steel Minister HD Kumaraswamy said that KIOCL is in critical condition. "The process is on to consider merging KIOCL and NMDC. KIOCL has also reported losses," he said on the sidelines of a press meet here to announce a revival package of Rs 11,440 crore for Rashtriya Ispat Nigam Ltd (RINL). The minister said the situation has occurred due to non-cooperation of the state (Karnataka) government. KIOCL Ltd, under the Ministry of Steel, operates a 3.5 million tonne per annum (MTPA) iron-oxide pellet plant and a blast furnace unit to manufacture 2.16 lakh tonne per annum pig iron at Mangaluru, Karnataka. NMDC is also an entity operating under the Steel Ministry. It caters to India's 20 per cent of iron ore demand.