Try GOLD - Free
Govt firms up plan to widen ambit of quality control for steel
Financial Express Kochi
|January 01, 2025
1,000 more grades to be brought under BIS standards; move will check imports too
THE STEEL MINISTRY has firmed up a plan to bring all steel grades consumed in the country, whether domestically manufactured or imported, under strict quality control norms, official sources said.
The move has the twin objectives of improving the quality of infrastructure and assorted hardware manufactured in the country, and putting curbs on cheap imports that hit domestic producers across the steel value chain.
The plan, once implemented, will bring 1,000 more grades of steel under the quality control order (QCO), in addition to 1,376 items currently under the norms.
The Bureau of Indian Standards (BIS) formulates standards for steel. The steel ministry issues QCO, which mandates that only quality steel conforming to the relevant BIS standard notified under QCO is produced in the country and imported from outside. Steel grades not yet covered by BIS standards are imported with a no objection certificate (NOC) from the steel ministry.
This story is from the January 01, 2025 edition of Financial Express Kochi.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Financial Express Kochi
Financial Express Kochi
Venugopal appointed Reliance Retail CEO, president
RELIANCE RETAIL VENTURES, the holding entity of the country’s leading retailer Reliance Retail, has appointed former Flipkart executive Jeyandran Venugopal as its president & CEO.
1 min
December 04, 2025
Financial Express Kochi
FM: States to benefit from tobacco excise duty hike
© Proceeds to be part of the divisible pool
2 mins
December 04, 2025
Financial Express Kochi
Top Indian artists' works fetch ₹310 cr in a year: Report
AMOUNTS FETCHED BY the sale of theworkby top-50 Indian artists alive rose by a moderate 3% to ₹310 crore in the year, a report said on Wednesday.
1 min
December 04, 2025
Financial Express Kochi
Sanchar Saathi pre-installation order revoked
Govt says spike in downloads hints at app gaining traction
1 min
December 04, 2025
Financial Express Kochi
IIT K sets Day 1 placement record with 672 job offers
THE INDIAN INSTITUTE of Technology Kanpur (IIT K) kicked off its 2025-26 campus placement season with 672 job offers on the first day, a 16% increase over last year.
1 min
December 04, 2025
Financial Express Kochi
Rupee risks steeper fall on tariff woes, weak FDI
Slide in exchange rate underscores divergence in India’s macro data
2 mins
December 04, 2025
Financial Express Kochi
Silver hits record high
SILVER TRADED NEAR a record high as traders bet on further monetary easing by the Federal Reserve and supply tightness. Gold slipped.
1 min
December 04, 2025
Financial Express Kochi
Meesho’s ₹5,421-cr IPO booked 2.35x on Day 1
THE INITIAL PUBLIC offering (IPO) of SoftBank-backed e-commerce firm Meesho received 2.35 times subscription on the first day of share sale on Wednesday, helped by across the board investors’ participation.The three-day IPO got bids for 65,40,18,165 shares against 27,79,38,446 shares on offer, as per NSE data.
1 min
December 04, 2025
Financial Express Kochi
Rupee cracks below 90 to the dollar
HOWEVER, UDAY KOTAK, Founder & Director of Kotak Mahindra Bank, urged Indian businesses to break out of their comfort zone, warning that foreign investors appear to be calling the shots in current market dynamics.
2 mins
December 04, 2025
Financial Express Kochi
The ‘bot coolie’ trap
IT FIRMS MUSTAVOID REPLICATING THE LOW-COST IT SERVICES MODELIN THE AI SPACE
3 mins
December 04, 2025
Listen
Translate
Change font size
