Summary
The Steel Consumers Council is a group under the Ministry of Steel, chaired by the Cabinet in charge of the department. India is the world's third-largest producer of crude steel, and the council works with steel producers to ensure both the supply and demand of the steel industry.[1][2][3] It also advises the Ministry of Steel and assists the Government of India on matters and policies concerning the Indian steel industry. In 2004, alarmed by the recent rise in steel prices, the Union Steel Ministry had proposed setting up of an independent regulator to monitor and fix the prices of steel. It had also supported a demand to abolish the present 5 per cent import duty on scrap this was announced by Ram Vilas Paswan Minister in charge of Ministry of Steel at the 18th national Steel consumers council in 2004.[4][5][6]
 | |
| Agency overview | |
|---|---|
| Jurisdiction |  Republic of India |
| Headquarters | Udyog Bhawan New Delhi |
| Minister responsible | |
| Agency executive | |
| Website | steel.nic.in |
The council was founded in 1986.[7] Its members are nominated by the Minister of Steel & Mines. The tenure of the council was initially fixed for two years, and it was re-constituted on 25 February 2010. The term of the present Council is up to 29 February 2012.[8][9]
The largest steel producer in India is Steel Authority of India, a public sector company run by Government of India with an annual turnover of ₹50627 crore (US$7.6 billion) (FY 2014–15).[10]
Public Sector companies edit
- Steel Authority of India Limited (SAIL)
- Rashtriya Ispat Nigam Ltd. (RINL)
- National Mineral Development Corporation Ltd (NMDC)
- Kudremukh Iron Ore Company Ltd (KIOCL)
- MECON Limited
- Manganese Ore (India) Ltd (MOIL)
- MSTC Limited
- Hindustan Steel Works Construction Limited (HSCL)
- Sponge Iron India Limited (SIIL)
- Bharat Refractories Limited (BRL)
- Ferro Scrap Nigam Limited (FSNL)
- Bird Group of Companies
Top steel companies of India in the Private sector edit
Cabinet Ministers chairing the Steel Consumers Council edit
- Ashoke Kumar Sen - 1991
- Ram Vilas Paswan - 2004-2009
- Virbhadra Singh - 28 May 2009–18 Jan 2011
- Beni Prasad Verma - July 2011 – May 2014
- Narendra Singh Tomar -26 May 2014 – present
References edit
- ^ "India is the world's third-largest producer of crude steel". steel.ibef.org. Retrieved 14 January 2016.
- ^ "India overtakes US as 3rd largest steel producer". economictimes.indiatimes.com. Retrieved 14 January 2016.
- ^ "Beni Prasad Verma promises 10 steel units in Uttar Pradesh". business-standard.com. Retrieved 16 January 2016.
- ^ "18th national steel consumers council chaired by Cabinet Minister". business-standard.com. Retrieved 17 January 2016.
- ^ "24th Meeting of Steel Consumer's Council Chaired by Steel Ministy [sic] Of India". industrialnews.in. 3 February 2014.
- ^ "24th Meeting of Steel Consumer's Council Circular". 3 February 2014.
- ^ "Formation of Steel Consumers Council" (PDF). steel.gov.in. Archived from the original (PDF) on 4 March 2016. Retrieved 14 January 2016.
- ^ "Boards Councils Committees". steel.gov.in. Archived from the original on 6 January 2016. Retrieved 14 January 2016.
- ^ "Steel Consumers Council". steel.gov.in. Archived from the original on 4 March 2016. Retrieved 14 January 2016.
- ^ "Steel Authority of India Limited". sail.co.in. Retrieved 14 January 2016.