Steel Secretary

At a time when global growth has been wobbly, India has emerged as a bright spot, especially in consumption of steel, Secretary Poundrik said. The domestic consumption - at a per capita of 104 kilogram - is expected to rise significantly to Rs 155-160 kg by 2030, he said.

Need USD 120-bn investment to reach 300 mn tonne steel-making capacity by 2030: Steel Secy

The top ministry official said if steel demand continues to rise and capacity additions don't take place, India may also become a net importer of steel

Steel Secretary says industry's concerns under 'active consideration'

62 percent of India’s steel imports come from Free Trade Agreement (FTA) partner countries. “This means that any increase in tariffs may not effectively curb imports from these countries," Steel Secretary Sandeep Poundrik added.

India's steel demand boom to continue, set to grow at 10% over next few years: Steel Secy

The official made the remarks addressing a 'CII Conference on Future Ready and Green Manufacturing' conference in the national capital.

Govt looking into dumping issue of certain steel products: Steel Secy

The statement comes amid the industry raising concerns over the rise in steel imports.

Focus on steel-intensive construction; eyeing 150 mt production by 2020: Steel Secy

The steel ministry is targeting at a zero-waste industry, said Steel Secretary Aruna Sharma.

Tweak minimum bid clause to keep coal auction going: Steel Secretary

"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.

Use of domestic steel may be mandatory for govt infrastructure projects

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.

Pricing formula for natural resources in the works: Steel Secretary

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.

India works on formula to regulate iron ore prices: Steel secy

"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.

Govt to impose anti-dumping duty on 36 products: Steel Secy

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.

Govt move to shift from MIP to anti-dumping underway: Steel Secy

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.

All imports will soon be looking at anti-dumping duty:Steel Secy

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.

Major Secretary-level reshuffle; Aruna Sharma new Steel Secy

Senior IAS officer Aruna Sharma has been appointed as Steel Secretary as part of a major top-level bureaucratic reshuffle effected today by the government.

Will watch domestic prices; consumers to be protected:Steel Secy

says that certain categories of steel that are not produced in India, and also high grade steel products used by the auto industry have been kept outside the purview of minimum import price, Steel Secretary Aruna Sundararajan tells CNBC-TV18

May extend safeguard duty to more steel products:Steel Secy

Sundararajan says state-owned steel firm SAIL's losses will start reducing once the company's expansion plans are completed and it is able to achieve economy of scale.

PK Singh new SAIL Chairman

"PESB recommended the following name for the post of Chairman, Steel Authority Of India Ltd (SAIL) - P K Singh," it said in a notification. Singh took over as the Chief Executive Officer (CEO) of Durgapur Steel Plant in 2012.

SAIL, RINL devising common marketing strategy

Two steel PSUs -- SAIL and RINL -- have started working on devising a common marketing strategy for some of their products to reduce logistics cost and avoid unnecessary competition.

Steel Secretary woos investors in Singapore

Steel Secretary D R S Chaudhary has projected the potential of Indian steel industry before Singapore investors, including state-owned Temasek Group and GICS, saying the Indian steel sector has grown by 5 per cent last year against 1.2-1.4 per cent posted by global industry.

Steel Min supports govt's buyback programme

The steel ministry is supporting government's buyback programme, reports CNBC-TV18's Mehak Kasbekar reports.

SAIL FPO not deferred yet, govt watching market closely

The uncertain market environment continues to cast a shadow over the proposed SAIL follow-on public offer (FPO). The government is clearly unhappy with the over 20% drop in SAIL's share price this year, and wants the market environment to improve before going in for the divestment.

Difficult to launch SAIL FPO in volatile market: Govt

The fluctuating markets may further delay the launch of state-run SAIL's follow-on public (FPO) offer. In an interview to CNBC-TV18, Steel Secretary, PK Mishra said that it will be difficult to launch SAIL FPO if market continues to be volatile.