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Govt Formulating Global Steel Strategy

The Business Guardian

|

December 31, 2024

The Ministry of Steel is formulating a comprehensive outlook for global strategy on steel.

- TBG NETWORK

Govt Formulating Global Steel Strategy

In its year-end review for 2024, the ministry says this strategy focuses on raw materials, investments, technology, and exports to align India's steel sector with international best practices.

Partnerships and international collaborations are being explored to position India as a global leader in steel production and exports. In the Year-End Review, the ministry marks significant strides in the sector enhancing sustainability, fostering domestic manufacturing, and ensuring the quality of steel in India.

The ministry has focused on initiatives like the Green Steel Mission, the Production Linked Incentive (PLI) Scheme for Specialty Steel, and measures for standardization and quality control.

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