Steel Ministry

Chinese steel may be entering India via Nepal illegally, raising concerns

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

Govt eases entry for MSMEs in third round of specialty steel PLI scheme

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

Steel ministry clears ₹5,000 cr scheme to boost low-emission operations

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

Govt plans ₹5,000 cr mission to boost green steel, cut industry emissions

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 RINL staff opt for VRS amid disinvestment: MoS Varma

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

Steel ministry defers quality rules on imports amid importer concerns

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

Steel ministry's order on compliance for inputs can hurt downstream users

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 thanks Centre for sanctioning 2,000 e-buses, seeks 800 more

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 urges firms to buy overseas iron ore, coking coal assets: Official

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

Govt plans incentives for steel sector to spur decarbonisation efforts

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

BMW Industries jumps 10% after signing MoU with Steel ministry under PLI

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

Companies commit Rs 17,000 cr investment under PLI for speciality 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

Firms committed to investing Rs 27,106 cr under PLI scheme for steel: MoS

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

Govt considering KIOCL-NMDC merger, says Steel Minister Kumaraswamy

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.

Steel ministry seeks $1.7 bn from budget to help mills cut emissions

Finance Minister Nirmala Sitharaman will present the federal budget for the 2025-26 fiscal year on February 1

Steel ministry proposes merger between state-run KIOCL, NMDC: Report

Mining company NMDC aims to export iron ore pellets from KIOCL post the merger

Govt to launch another round of PLI scheme for steel sector on Monday

The government will launch another round of production-linked incentive scheme for the steel sector on Monday. The 'PLI scheme 1.1' will be launched by the steel minister H D Kumaraswamy. "Union Minister of Steel and Heavy Industries...will launch 'PLI scheme 1.1' for the steel industry and call for applications...on January 6," the steel ministry said in a statement. To encourage domestic production of specialty steel and lower imports by drawing in capital investments, the government had earlier introduced the PLI scheme for specialty steel. The scheme has attracted investments worth Rs 27,106 crore, envisaging creation of 14,760 direct employment opportunities with an estimated production of 7.90 million tonnes of specialty steel. As of November 2024, companies have already invested Rs 18,300 crore and generated over 8,660 in employment. The government has been interacting regularly with the participating companies and based on feedback, it was felt that there was a scope to n

Steel ministry urges FinMin to hike Customs duty to counter Chinese threat

The steel ministry believes that a higher import duty, if implemented, could mitigate the adverse effects of a rise in cheaper imports of finished steel, particularly from China

Commerce department examining steel ministry request on safeguard duty

Safeguard duty is a temporary tariff barrier imposed by a country to protect its domestic industry from surge in imports

Steel ministry proposes 25% safeguard duty on import of certain steel items

Taking up the concerns of domestic steel industry, the steel ministry on Monday proposed for a 25 per cent safeguard duty on import of certain steel items into the country. The proposal came at a meeting between Union Minister of Steel H D Kumaraswamy and Commerce and Industry Minister Piyush Goyal in the national capital, sources said. Senior officials from both the ministries and executives of top steel making companies like SAIL, Tata Steel, JSW Steel and AMNS India also attended the meeting, they said. "Held a meeting with stakeholders from the steel and metallurgical coke industries along with my colleague & Minister of Heavy Industries and Steel @HD_Kumaraswamy ji," Goyal said in a post on X. "With both industries playing a vital role in India's development journey, discussed ways to boost production, enhance quality, and further strengthen global competitiveness," the minister said. According to Kumaraswamy, the two ministries discussed ways to collaborate and ensure ease .