12th International Exhibition and Conference
Minerals, Metals, Metallurgy & Materials
29 - 31 August, 2018
Pragati Maidan, New Delhi, India

News

13 Sep 2017
Domestic stainless steel industry eyes higher customs duty
Domestic stainless steel industry seeks stronger support from the government as it hopes for an upward revision of basic customs duty for stainless steel, bringing it at par with duty on primary steel products, which currently attracts a 12.5 percent levy.

On Friday, the government imposed 18.9 per cent CVD on Chinese hot and cold rolled stainless steel products, effective for a period of five years.

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12 Sep 2017
'Ease of doing business' is not 'ease of making money': Steel Minister 
NEW DELHI: Steel Minister Chaudhary Birender Singh today said India needs to raise per capita consumption of the commodity, while asking the industry to play ethical by differentiating between 'ease of doing business' and 'ease of making money'

Singh said: "When there was dumping in our country, many of the producers of steel became traders. Is it fair on the part of a man who...has the responsibility to produce...? Why? Because there is a possibility that without doing anything you can make easy money."
'Ease of doing business' is very different from 'ease of making money'. Each one has a role to play, he said. 

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10 Sep 2017
SAIL clocks 7 per cent sales rise during April-August on output boost 
The country's largest steel maker SAILBSE 0.40 % posted a 7 per cent rise in sales at 5.5 million tonnes in the first five months of the ongoing fiscal, helped by production ramp-up 

"During this period, domestic sales showed improvement in both long and flat products enabling SAIL to increase its market share to 14.6 per cent from 13.4 per cent," the spokesperson added.
SAIL Chairman P K Singh said the steel major is gearing up to encash the conducive environment for demand as envisaged in the progressive policies of the government for the Indian economy, especially the infrastructure sector.
The PSU had recorded an 8 per cent growth in total sales at 13.14 MT in FY 2016-17.
The company had also recorded the best ever total sales figure for March 2017 at 1.575 MT, a rise of 21 per cent over the year ago.

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08 Sep 2017
Countervailing duty in stainless steel flat products and step towards quality regime: Steel minister

The imposition of countervailing duty on imports of stainless steel flat products will strengthen the ongoing efforts of Indian industry to move towards 100% quality regime for better safety and health of users. 

This will provide a level-playing field to the industry to grow to its full potential after attaining 2nd largest rank in stainless steel production in world in 2016, steel minister Chaudhary Birender Singh said.
Steel Secretary Aruna Sharma said, “This is the first case of imposition of CVD on any steel product in India. This would provide the much needed relief to the stainless steel industry from the subsidized imports from China.”

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