The Ministry of Steel, an organ of the Government of India, is the main body for formulating all policies regarding steel production, distribution and pricing in India. As of June 2014, the ministry is led by a minister of cabinet rank, Chaudhary Birender Singh and is assisted by a Minister of State, Vishnu Deo Sai.
VISION OF THE MINISTRY
- To facilitate the improvement of steel production capacity (currently 109 Million tones, production 90 Million tones(approx)) and growth in Steel Production.
- To control and check the capital expenditure and modernization & expansion programmes of PSEs quarterly.
- To see the proper availability of raw materials for the steel industry from domestic & overseas sources.
- To grant and encourage R&D in the steel sector and monitor the performance parameters of iron & steel production.
- To check & facilitate the mergers, acquisitions & joint ventures in Steel Ministry PSEs.
- To improve customer/client satisfaction through prompt response or redressal of customer issues as per service delivery standards of citizens’ charter of the Ministry of Steel.
MAJOR ACTIVITIES OF THE MINISTRY
- Co-ordination and planning of the achievement and development of Iron and Steel Industry in the country (covering Re-rolling Mills, Alloy Steel and Ferro Alloy Industries, Refractories) both in the Public and Private Sectors;
- Formulation of policies in relation to production, pricing, distribution, import and export of iron & steel, ferroalloys and refractories; and
- Development of input industries particular to iron ore, manganese ore, chrome ore, and Refractories etc. , needed mainly by the steel industry.
- Formulation of policies in relation to production, pricing, distribution, import and export of iron & steel and ferroalloys
The representatives of the Steel Consumers Council are nominated by the Minister of Steel & Mines. The duration of the council was initially fixed for two years, and it was re-constituted on 25 February 2010. The term of the current council is up to 29 February 2012.