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Steel sector is on a revival mode and the consumption is increasing in tandem with production, said Steel Secretary Aruna Sharma.
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The steel ministry is targeting at a zero-waste industry, said Steel Secretary Aruna Sharma.
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CNBC-TV18’s Nigel D'souza is in conversation with the Steel Secretary Aruna Sharma on the side-lines of the Centrum Symposium on steel. Steel consumption is going up very well, it is matching to the increase in the production which is a very good sign, she said.
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"What happened is as per CVC's (Central Vigilance Commission) norms that you need three bids(for each mine).So now, they (coal ministry) will have to find an answer for that. They will be consulting CVC and work out a mechanism for it," Steel Secretary Aruna Sharma told PTI.
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"It (SAIL, ArcelorMittal JV) is in the final stage now. Absolutely in the final stage," Steel Secretary Aruna Sharma told PTI in an interview.
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In an interview to CNBC-TV18, Aruna Sharma, Steel Secretary said that national steel policy is a visionary statement for domestic steel industry.
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Steel Secretary, Aruna Sharma said that government is working on gas availability for pellet plant, and that Niti Aayog is in consultation with the oil ministry to work on the mechanism.
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The Steel Ministry is likely to take to the Union Cabinet this month a proposal that seeks to provide preferential treatment to steel made in India in government projects.
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Steel Minister is working with the Niti Aayog to decide prices for all natural resources. Steel Secretary Aruna Sharma said will soon come out with a logic for pricing. The government could put a cap on prices of resources.
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The steel ministry is working closely with the NITI Aayog on pricing the country’s natural resources like iron ore, coking coal, coal, gas, among others.
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The steel ministry is working closely with the NITI Aayog on pricing the country‘s natural resources like iron ore, coking coal, coal, gas, among others in such a way that there is a clear line between profit and profiteering, said Steel Secretary, Aruna Sharma in an interview to CNBC-TV18.
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"There needs to be some sharing of the profits. We are working on the end-formula, and maybe we will come up with the logic very soon," Sharma said.
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The move is aimed at raising domestic steel consumption as India's per capita steel usage -- at 61 kg -- is much lower than the global average of 208 kg.
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The government today said there would be no extension of protectionist minimum import price (MIP) on 19 colour-coated steel products.
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Minimum import prices are short-term emergency measures while anti-dumping duty is a long-term measure, she said, adding that she expects to see steel prices stabilising from the current levels.
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Ahead of the Union Budget 2017-18,
the Steel Ministry has sought reduction in import duty on both
coking coal and nickel -- vital components of steel making --
a move that may revive the sector, a top official said.
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Government extended minimum import price (MIP) on 19 products for two months to protect domestic steel industry from below-cost imports. Steel Secretary Aruna Sharma believes that steel capacity will reach 150 MT in couple of years.
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Steel Secretary Aruna Sharma said anti-dumping duty is the long-term arrangement for imports. She added that of the 66 items, 36 items will be pushed under the ambit of anti-dumping duty.
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The mining industry has been pushing for a reduction in export of iron ore with Fe content of over 58 percent, saying there is already a huge stock of unsold ore lying in Odisha and Chhattisgarh with no domestic buyers.
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The official also said per capita steel consumption in the country needs to be doubled in the shortest possible time and for this the industry also has to chip in.
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On increasing steel consumption, the Minister said that the industry must explore use of steel in sectors such as roads, bridges, other industrial applications, etc so that the consumption can be increased.
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Steel Secretary Aruna Sharma said that the ministries of steel and commerce are working to make it easier to file anti-dumping duty petition and quicken the process for investigation and awarding duty.
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Ministries of Steel and Commerce are working to make it easier to file anti-dumping duty petition and quicken the process for investigation and awarding duty, Steel Secretary Aruna Sharma told reporters at Minerals, Metals, Metallurgy and Materials International exhibition and conference here.
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Of the 173 products, MIP will be on 66 products and rest of the products will come under anti-dumping duty, which has been in place for 5 years, says Aruna Sharma, Steel Secretary.
