Steel Consumers Council

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]

Steel Consumers Council
Emblem of India
Agency overview
JurisdictionRepublic of India
HeadquartersUdyog Bhawan
New Delhi
Minister responsible
  • Ch. Birender Singh
Agency executive
Websitesteel.nic.in
The Minister for Chemicals & Fertilizers and Steel, Shri Ram Vilas Paswan at the 22nd National Steel Consumers Council Meeting in New Delhi on October 4, 2008. The Minister of State for Steel, Shri Jitin Prasada is also seen in the picture
The Minister for Chemicals & Fertilizers and Steel, Shri Ram Vilas Paswan releasing the Warehouse Telephone Directory at the 22nd National Steel Consumers Council Meeting in New Delhi on October 4, 2008. The Minister of State for Steel, Shri Jitin Prasada is also seen in the picture

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
  • 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

Cabinet Ministers chairing the Steel Consumers Council

Steel consumer council Members nomination letter (copy)
Steel consumer council nomination letter (copy) to be published in The Gazette of India
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References
  1. "India is the world's third-largest producer of crude steel". steel.ibef.org. Retrieved 14 January 2016.
  2. "India overtakes US as 3rd largest steel producer". economictimes.indiatimes.com. Retrieved 14 January 2016.
  3. "Beni Prasad Verma promises 10 steel units in Uttar Pradesh". business-standard.com. Retrieved 16 January 2016.
  4. "18th national steel consumers council chaired by Cabinet Minister". business-standard.com. Retrieved 17 January 2016.
  5. "24th Meeting of Steel Consumer's Council Chaired by Steel Ministy [sic] Of India". industrialnews.in. 3 February 2014.
  6. "24th Meeting of Steel Consumer's Council Circular". 3 February 2014.
  7. "Formation of Steel Consumers Council" (PDF). steel.gov.in. Archived from the original (PDF) on 4 March 2016. Retrieved 14 January 2016.
  8. "Boards Councils Committees". steel.gov.in. Archived from the original on 6 January 2016. Retrieved 14 January 2016.
  9. "Steel Consumers Council". steel.gov.in. Archived from the original on 4 March 2016. Retrieved 14 January 2016.
  10. "Steel Authority of India Limited". sail.co.in. Retrieved 14 January 2016.
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