Ministry of Steel
MAJOR ACTIVITIES OF THE MINISTRY
- Co-ordination and planning of the growth and development of Iron and Steel Industry in the country (including Re-rolling Mills, Alloy Steel and Ferro Alloy Industries, Refractories) both in the Public and Private Sectors;
- Formulation of policies in respect of production, pricing, distribution, import and export of iron & steel, ferro alloys and refractories; and
- Development of input industries relating to iron ore, manganese ore, chrome ore and Refractories etc. , required mainly by the steel industry.
VISION OF THE MINISTRY
- To facilitate enhancement of steel production capacity (currently 109 Million tones, production 90 Million tones(approx)) and growth in Steel Production.
- To monitor the capital expenditure and modernization & expansion programmes of PSEs quarterly.
- To facilitate adequate availability of raw materials for steel industry from domestic & overseas sources.
- To facilitate and promote R&D in steel sector and monitor the performance parameters of iron & steel production.
- To monitor & facilitate the mergers, acquisitions & joint ventures in Steel Ministry PSEs.
- To enhance customer/client satisfaction through prompt response or redressal of customer issues as per service delivery standards of citizens’ charter of the Ministry of Steel.
Budget 24-2025
For the fiscal year 2024-25, the Ministry has an estimated annual budget of Rs 325 crore.
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