CII organizes “Steeling India-2019”

On December 16, 2019, the Confederation of Indian Industry organized “Steeling India 2019” conference, a drive to increase metal intensity in key sectors. Union Minister for Steel, Petroleum and Natural Gas Shri Dharmendra Pradhan participated in the conference. Highlights The ..

Month: Current Affairs - December, 2019

India-Japan meet to review Comprehensive Economic Partnership Agreement

On December 10, 2019, a Japanese delegation led by Japanese Minister Mr Hiroshi Kajiyama visited Minister of North Eastern Region Development. The ministers discussed different areas of cooperation that included nuclear power, technology and infrastructure. The Countries also renewed their ..

Month: Current Affairs - December, 2019

Steel industry leaders come together for ISA – Steel Conclave 2019

The Indian Steel Association supported by the Ministry of Steel, Government of India is organising the second Edition of “ISA – Steel Conclave 2019” on 21st – 22nd November, 2019 in New Delhi. The Union Minister for Steel Shri Dharmendra Pradhan ..

GoI releases Steel Scrap Recycling Policy

The National Steel Policy that was released on November 8, 2019 aims at developing globally competitive steel industry. It aims at creating 300 million tons of steel per annum by 2030.  The policy was released by Ministry of Steel Objectives ..

Month: Current Affairs - November, 2019

Oligopoly

An oligopoly is a form of government in which the power is concentrated in the hands of a few rich people who wield a disproportionate amount of power by virtue of their fiscal wealth. While no country today can be ..

India turns out to be Net Steel Importer in 2018-19 Fiscal

For the first time in three years, India was the net importer of steel during the financial year 2018-19. This was attributed to India losing market share among its traditional steel buyers and an increase in imports of higher-quality steel ..

Month: Current Affairs - April, 2019

Tata Steel wins ‘Global Slag Company of Year’ award

Tata Steel has been named as the ‘Global Slag Company of the Year’ at the 14th Global Slag Conference and Exhibition 2019 in Aachen, Germany. It is one of the largest global annual slag events, attended by major steelmakers, steel ..

Core Industrial Output increased in February

The output from the eight core sectors which include coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity witnessed a growth of 2.1 per cent in February, compared to the corresponding month last year as per the ..

Month: Current Affairs - April, 2019

Growth Rate in the Core Sector witnesses Decline

The growth rate eight core sectors which include coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity witnessed a decline as per the data from the Ministry of Commerce and Industries. Reduced growth rate of Core Sector ..

Month: Current Affairs - March, 2019

China largest producer of crude steel in world

As per latest report of the World Steel Association (WSA), China is the largest producer of crude steel accounting for more than 51% of production. While, India has replaced Japan as world’s second largest steel producing country. The crude steel ..