High Quality Steel Current Affairs - 2020

World Steel report: India’s steel output declined by 65%

On May 24, 2020, the World Steel Association released the World Steel Report. According to the report, the crude steel report of India declined by 65%. During April 2020, the steel output of India was 3.13 million tonnes. Highlights In April 2019, according to the report, India produced 9.02 million tonnes. In March 2020, India Read More…

Mission Purvodaya: India-Japan join hands to make Odisha a Steel Hub

On February 28, 2020, the Union Minister of Steel announced at a workshop organized by Confederation of Indian Industries (CII) that GoI is to make Odisha the steel hub of India. This is to be achieved by the Government with the help of Japan. Highlights Odisha has been selected to establish steel hub due to Read More…

GoI to launch Purvodaya to accelerate Eastern India Development

On January 10, 2020, the Ministry of Steel announced that it will launch “Purvodaya”, a world class steel hub. The hub aims at an accelerated development programme of eastern states. The Ministry will be joined by CII (Confederation of India Industries) in the implementation of “Purvodaya”. Highlights The initiative aims at developing the eastern states Read More…

GoI releases Steel Scrap Recycling Policy

The National Steel Policy that was released on November 8, 2019 aims at developing globally competitive steel industry. It aims at creating 300 million tons of steel per annum by 2030.  The policy was released by Ministry of Steel Objectives of the Policy The policy aims at promoting scientific collection and processing activities of recyclable Read More…

India turns out to be Net Steel Importer in 2018-19 Fiscal

For the first time in three years, India was the net importer of steel during the financial year 2018-19. This was attributed to India losing market share among its traditional steel buyers and an increase in imports of higher-quality steel domestically. Indian Steel Exports Indian steel exports fell by 34 percent to 6.36 million tonnes in Read More…