“SECONDARY STEEL SECTOR – OPPORTUNITIES & CHALLENGES”

Nov 21, 2015

As you are aware, the Indian Steel industry is sweating it out at the global stage, especially to strong competition from the neighbouring steelmaking nations. At this juncture, the Indian industry is working on a two-pronged model – on one hand, a strategy to cut cost and on the other, demanding conducive policies from the government. It is a battle of survival especially for the indigenous secondary smaller units and traders.

However, the liberalization of industrial policy and other initiatives taken by the Government of India, have given a definite impetus for entry, participation and growth of the private sector in the steel industry. While the existingAIIFA units are being modernized/ expanded, a large number of new production capacities are being added, both in large scale integrated steel plants as well as small and medium plants to produce steel required to meet the growing demand of the country.

Domestically, Indian government’s initiatives like Make in India, Housing for All, Developing 100 Smart Cities etc are opportunities for an entrepreneur to do bigger, better and smarter. As these programs gain momentum, they will demand a high amount of money and materials especially steel. And the per capita consumption of steel in India is expected to get a boost through this; also a scale up towards the world average.

In this context, recently the Ministry of steel, Government of India, organized a first of its Kind conference to interact with the secondary steel industry and emphasized the role of this segment of Industry in fulfilling government’s vision of 300 MT of steel capacity by 2025. Most of the iron ore buyers are concerned over high cost of the Key raw material especially when demand and off-take of finish products is poor. The government has assured of intervention to ramp up mineral production to the secondary producers. This problem solving approach and commitment towards addressing each and every issue related to infrastructure, raw materials, energy conservation, skilled manpower, environmental issues etc., of the ailing steel industry indicates that government is whole heartedly committed to make in India initiatives and is leaving no stone unturned to safeguard and promote the iron & steel sector of the country.

Keeping in view of the above, AIIFA is going to organise one day National seminar on “Secondary Steel Sector – Opportunities and Challenges” on 21st November, 2015 at Hotel Le-Meridien, New Delhi.

The conference provides an effective platform for deliberation on important Techno-Economical issues focusing on prob­lems, challenges and its solutions to the industry. Considering the economic turmoil facing by the country at present on many aspects, the topic of the conference will focus mainly on Sustainability, R&D on Technology, Open Access of Power and Energy efficiency. The deliberation of the conference is interesting and informative to the secondary steel segment and allied industries.