Steel Consumers Council Explained

Agency Name:Steel Consumers Council
Seal:Emblem_of_India.svg
Jurisdiction:Republic of India
Headquarters:Udyog Bhawan
New Delhi
Minister1 Name:Ch. Birender Singh
Chief1 Position:Minister of Steel
Website:steel.nic.in

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]

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

Top steel companies of India in the Private sector

Cabinet Ministers chairing the Steel Consumers Council

Notes and References

  1. Web site: India is the world's third-largest producer of crude steel . steel.ibef.org . 14 January 2016.
  2. Web site: India overtakes US as 3rd largest steel producer . economictimes.indiatimes.com. 14 January 2016.
  3. Web site: Beni Prasad Verma promises 10 steel units in Uttar Pradesh . business-standard.com . 16 January 2016.
  4. Web site: 18th national steel consumers council chaired by Cabinet Minister . business-standard.com . 17 January 2016.
  5. News: 24th Meeting of Steel Consumer's Council Chaired by Steel Of India. industrialnews.in. 3 February 2014.
  6. News: 24th Meeting of Steel Consumer's Council Circular. 3 February 2014.
  7. Web site: Formation of Steel Consumers Council . steel.gov.in . 14 January 2016 . dead . https://web.archive.org/web/20160304064221/http://steel.gov.in/steel%20consumer%20council%2030.09.2014.pdf . 4 March 2016 .
  8. Web site: Boards Councils Committees. steel.gov.in. 14 January 2016. dead. https://web.archive.org/web/20160106074502/http://steel.nic.in/act/boards.htm. 6 January 2016.
  9. Web site: Steel Consumers Council . steel.gov.in . 14 January 2016 . dead . https://web.archive.org/web/20160304064023/http://steel.gov.in/act/arrangement.htm . 4 March 2016 .
  10. Web site: Steel Authority of India Limited . sail.co.in. 14 January 2016.