Chairing the meeting of National Steel Consumers’ Council of Ministry of Steel in Mumbai, Union Minister of Steel, Birender Singh said that there is great potential for increasing steel consumption in the country. Use of Swadeshi steel is the way forward not only for steel consumption but also for sustainable growth of the steel industry and economy. Singh informed the members that National Steel Consumer's Council has been strengthened with the induction of industry experts. The meeting was attended by 150 of all stake holders of producers of MSME, integrated steel plants of private and public sector, machinery manufacturers and consumers of infrastructure , transport housing equipment sectors.
Elaborating on the need of the hour he said, “Government of India’s emphasis through Make in India and support to Swadeshi production offers huge opportunity to raise the domestic steel consumption.”
He said that India’s current per capita steel consumption stands only at 60 kg, which is very less as compared to the world average of 208 kg. He informed that Ministry of Steel has already started a campaign to boost steel consumption in country through encouraging all concerned ministries to use only India-made steel for infrastructure and construction projects of the Government. Also, he said that the campaign would help in educating people about the numerous sustainability benefits, which are guaranteed to be realised whenever steel is used. The attributes like low waste, offsite manufacture, resource efficiency, adaptability, long lasting appeal, safety, reusability and recyclability makes steel arguably the most befitting material for construction.
He further stressed that in 2016, India had emerged as the third largest steel producer in the world and central government is taking all steps to make the country world’s second largest steel producer.
During his address, Singh stated that the support extended to the steel industry by way of various trade remedial measures in recent times have led to a significant reduction in imports and stabilisation of domestic market. Globally, trade protection by various governments is on the rise. Indian steel industry has to acquire the competitive edge by benchmarking with the best in the world, in order to be a global leader.
He also informed the members of the council that Ministry of Steel has for the first time gone in for crowd sourcing of ideas by inviting comments/suggestions for the National Steel Policy (NSP), 2017 from all stakeholders and the public. The Minister stressed on the need to focus more on research and development so that India can develop indigenous capability to produce better and more value added steel.