Ministry of Steel

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Introduction

The Ministry of Steel is under charge of the Minister of Steel. The Ministry is responsible for planning and development of iron and steel industry, development of essential inputs such as iron-ore, limestone, dolomite, manganese ore, chromites, ferro-alloys, sponge iron etc. and other related functions.

Vision, Mission and Objectives of Ministry of Steel

Vision
Transforming India into a global leader in the steel sector, both in production and consumption

Mission
Promoting policies and initiatives for attaining a national steel production capacity of 142.3 million tonnes by the end of Twelfth Five Year Plan. Streamlining the regulatory environment particularly for mineral policy and environmental clearances, promoting the development of infrastructure required for enhancing steel production. Boosting domestic demand for steel through promotional efforts. Improving technological capacity, techno-economic efficiency of operations of steel industry.

Objectives

  • To facilitate creation of steel making capacity and growth in steel production.
  • Ensuring adequate availability of raw materials for steel industry from domestic and overseas sources,articularly iron ore and coal by PSUs under the Ministry of Steel.
  • Improving the performance of Iron & Steel industry through R&D and Technology intervention, Quality Control, Export Promotion and Improvements in techno-economic parameters.
  • Promoting the development of infrastructure for enhancing steel consumption.
  • Monitoring performance of commitments made in the MOUs and modernisation and expansion programme of PSUs.
  • Finalisation of New Policy Initiatives
  • Creating and updating a comprehensive data base for various segments of the steel industry.
  • Assessment of the skill gap and follow-up action points for bridging the gaps.
  • Proactive steps for environmental enhancement and pollution control

Key Functions of the Ministry of Steel

  • Development of Steel Plants in Public and Private Sectors, the re-rolling industry and ferro-alloys.
  • Development of iron ore mines in the public sector and other ore mines like manganese ore, chrome ore, limestone and other minerals used in the iron and steel industry (but excluding mining lease or matters related thereto).
  • Providing a platform for interaction of all producers and consumers of steel in the country.
  • Identification of infrastructural and related facilities required by steel industry.
  • Overseeing the performance of 8 PSUs, their subsidiaries and one Special Purpose Vehicle (Joint Venture Company) called International Coal Ventures Pvt. Ltd. (ICVL).

**source :http://steel.gov.in/ (ministry of steel)

Growth and development of Steel from iron age till now

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The production of iron began years ago in south west or south central Asia. When the Iron Age began, it started replacing bronze in equipments and weapons. Iron replaced bronze because iron is harder, stronger and holds a sharper edge. Iron was then replaced by Steel but Iron has been the material basis of human civilization in Africa, Asia and Europe. Iron is the most available element that covers five per cent of the earth’s crust.

Steel in world’s economy

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There are more than two million people working directly in the steel industries across the worlds. Approximately two million contractors and four million people are working in supporting industries. This makes steel a key driver in world’s economy. Steel is a key product in almost all fields like automotive, construction, power, and transport, machine goods and many more. Companies delivering renewable energy like solar, wind and tidal is also dependent on the industry of steel. In 40 years, many countries have entered the top producers of steel. India, Brazil, South Korea, Turkey are few among the top countries that produces steel. Steel can be recycled and used again; 150 year old steel can be recycled to be used for creating new products and applications. In the past 30 years, the energy required in the production of steel has been reduced by 50 per cent. The main authority of steel for its development of iron and steel industry is Ministry of steel. There is a dedicated committee appointed by the Government to monitor the price fluctuations and the behaviour of steel market.

Steel is used everywhere and in every aspect

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Due to their strength, versatility and form steel is used in our day to day life in all that we use. Safety equipments, surgical items and even kitchens are made of steel. Steel is hygienic and easy to clean. Steel food cans are also produced to store food. Building, skyscrapers and other construction industries also use steel. Steel is one of the major industries in India. Though it’s providing many employment opportunities, there are few draw backs. Due to the increase in the Indian population, the steel industry is not having enough land available to support the volume of production. Due to the growth of steel industry, domestic and foreign investors are ready to invest for the steel companies.
China is the world’s largest steel producer, Japan falls as the second followed by United States as the third producer and India is in the fourth position in the steel industry. The global integration of the economy as well as the rise in the demand by infrastructure, real estate, automobile and other industries makes industry of steel a fast growing one. The industry is also going to provide employment to more and more people. Government is also going to lend its hand for the economic growth and development of steel. The industry is getting healthier and stronger. The industry need to focus on the technology and operations to excel and produce efficiently.

Recycling and reuse

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Making steel cans from recycled material uses 75% less energy than producing them from raw materials. Recycling 1kg of steel keeps 2kg of greenhouse gases out of the atmosphere. Recycling steel diverts these products from landfill, and enables the material to be reprocessed, thereby conserving raw materials. For every tonne of steel recycled 1131 kg of iron ore, 633 kg of coal and 54 kg of limestone are saved.
All types of steel can be recycled including food tins, bottle tops, paint cans, aerosols and scrap metal. By recycling and reuse of steel we can avoids or reduces waste and saves primary resources.
Steel is fully recyclable .the overall average end-of-life recovery rate for steel from buildings has been estimated from surveys to be 96%