Narendra Singh Tomar, Union Minister for Steel, GoI to inaugurate CII Steel Mart 2015

0
1702

4th CII Steel Mart to commence today (22 July 2015) at Chandigarh

2 day CII Steel Mart to drive Make in India in Steel in north

STEEL MART

NewZNew (Chandigarh) : To drive ‘Make in India’ in steel sector by bringing  together both steel producers and consumers to interact and examine in detail the current and future dynamics of steel industry in India as also to chalk out a focused action plan for aligning interests of North India’s Steel industry viz-a-viz global markets, Confederation of Indian Industry (CII) is organising two day Steel Mart: an International Conference & Exposition on Indian Steel Industry at CII NR Headquarters in sector 31 A, Chandigarh, commencing 22 July.

BL27_P4_TOMAR__1969701eSet to be inaugurated by Mr Narendra Singh Tomar, Union Minister for Steel, Government of India, and being chaired by Mr S S Mohanty, Director – Technical, Steel Authority of India Ltd (SAIL), two day CII Steel Mart would aim to leverage the sector’s true potential by creating an enabling Policy Environment for Steel industry with the senior most Govt and industry representatives deliberating on the critical challenges, issues and solutions at a common platform.

Experts would highlight the current and future trends of the steel industry, discuss ways to narrow the demand-supply gap and share experiences on different facets of recent advancements in this vital sector.

Some of the key aspects to be deliberated upon include land acquisition for capacity augmentation in the green field, sources of raw materials – coking coal, iron ore, lime stone, scrap, etc. from the indigenous sources and from abroad, quality and price of raw materials, funding issues and above all the demand generation for steel on the back of public investment in infrastructure, ports, civil aviation, urban infrastructure, supplemented by private investment in communication, storage, ports,  improvement in overall business scenario, etc.

However, stagnating steel demand has led to excess capacities in steel and other manufacturing industries in advanced countries as well as in China. The conference would also focus on the growth and revival of Indian manufacturing in critical segments which would lead to huge demand generation for steel.

As far as North India is concerned, it contributes 30% of the total steel production under the bars/rods and structural category. The demand for secondary steel products mainly originates from light engineering and auto-component industry in Punjab and Haryana region. Also, there is a huge demand for primary steel based products and various types of special steels. The demand for these products is growing at a decent pace over the years, also with a spurt in real estate & construction sector, but the potential is still huge and CII Steel Mart would try to address that.

Various panel discussions would be organised as part of CII Steel Mart focusing on Enabling Policy Environment for Steel, managing Capacity against Uncertain Demand, Make in India: Opportunities for the Steel Industry, Steel Production – Zero Effect & Zero Defect and on enhancing Competitiveness, Investment Opportunities & Options for Finance: Perspective on MSMEs.