Jurisdiction Republic of India Minister responsible Ch. Birender Singh Website steel.nic.in | Headquarters Udyog BhawanNew Delhi Agency executive , Minister of Steel | |
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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.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.
Contents
- Public Sector companies
- Top steel companies of India in the Private sector
- Cabinet Ministers chairing the Steel Consumers Council
- References
The Council was founded in 1986. 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 25th February, 2010. The term of the present Council is up to 29th February, 2012.
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).