https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

Steel Sovereignty Push: Centre Deploys Multi-Pronged Strategy to Cut Import Reliance and Boost Domestic Output

India steps up efforts to curb steel imports by deploying a mix of incentives, duties, and monitoring tools.
Indian Masterminds Stories

New Delhi: In a robust move to fortify India’s steel sector and curb reliance on overseas markets, the Government has rolled out a comprehensive blend of policy and fiscal interventions aimed at bolstering domestic production. Minister of State for Steel and Heavy Industries, Bhupathiraju Srinivasa Varma, detailed these strategies in a written reply in the Rajya Sabha.

India, currently the world’s second-largest steel producer, recorded 146.69 million tonnes (MnT) of finished steel production and 4.86 MnT in exports during FY 2024–25.

Policy Thrust to Encourage ‘Made in India’ Steel

Recognising that the steel sector operates in a deregulated environment, the Government continues to play the role of facilitator by cultivating a supportive policy framework. One of the cornerstones of this approach is the Domestically Manufactured Iron & Steel Products (DMI&SP) Policy, which mandates the use of ‘Made in India’ steel in government procurement projects.

This policy directly contributes to reducing imports while increasing demand for local manufacturers.

Incentives for Specialty Steel and Raw Material Support

To promote high-grade domestic steel production, the Government introduced the Production Linked Incentive (PLI) Scheme for Specialty Steel. The scheme aims to attract capital investments and build capabilities that would otherwise require costly imports.

In addition, the Union Budget 2024–25 extended key raw material support measures:

  • Basic Customs Duty (BCD) on Ferro-Nickel and Molybdenum ores was slashed to zero.
  • The BCD exemption on ferrous scrap was extended till 31 March 2026.
  • CRGO steel manufacturers will continue receiving exemptions on essential raw materials through the same date.

These budgetary steps ensure cost competitiveness for domestic players across the value chain.

Also Read: India-UK CETA Welcomed by SAIL CMD Amarendu Prakash, Signals Major Boost for Steel Sector

Quality Assurance and Anti-Dumping Measures

The Steel Quality Control Order was introduced to block the influx of sub-standard steel—both from domestic and foreign sources, ensuring that only certified-quality steel enters the Indian market.

To shield domestic manufacturers from unfair pricing practices, the Government has imposed Anti-Dumping Duties (ADD) on a range of imports:

  • Seamless tubes, pipes, and hollow profiles from China.
  • Electro-galvanized steel from Korea, Japan, and Singapore.
  • Stainless steel tubes and pipes from China, Vietnam, and Thailand.

Additionally, Countervailing Duties (CVD) are applicable on welded stainless steel pipes and tubes from China and Vietnam.

Provisional Safeguards and Monitoring Upgrades

A 12% provisional safeguard duty has been levied for 200 days on imports of certain non-alloy and alloy steel flat products, protecting local industries from sudden surges in imports.

Meanwhile, the Steel Import Monitoring System (SIMS) has undergone an upgrade with the launch of SIMS 2.0 on 25 July 2024. The system now enables real-time import tracking and tighter oversight, enhancing India’s ability to respond to trade distortions.

Also Read: India Eyes 300 MT Steel Production by 2030, Govt Tightens Quality and Price Controls


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
NCST Holds Review Meeting with NHPC
NCST Holds Review Meeting with NHPC on Implementation of Safeguards for Scheduled Tribe Employees
MP CM Collector Award Niti Aayog
Sampurnata Abhiyan: Madhya Pradesh Leads NITI Aayog Campaign; Collectors from 8 Districts Win Gold
Mohan Yadav
MP CM Mohan Yadav Pushes for Sustainable, Community-Driven Rural Water Policy; Targets 100% Tap Coverage by March 2027
Ajay Bhadoo IAS
IAS Ajay Bhadoo Gets Extended Term as DGFT - What It Means & His Career Journey
THDCIL_Receives_ABMS_Certification_for_Integrity_and_Transparency
THDC India (THDCIL) Awarded ISO 37001:2016 Anti-Bribery Certification by BIS - Details Inside
Ministry of Environment
Environment Ministry Clarifies Petrol Vehicle Tender, Cites E-Vehicle Flexibility
Bokaro Steel Plant
PESB Selects Priya Ranjan to Head Bokaro Steel Plant, SAIL’s Key Production Unit
REC Limited wins ‘Best Design Thinking Award’ at 5th Distinguished NBFC (DNA) Awards
REC Limited Bags ‘Best Design Thinking Award’ at 5th Distinguished NBFC Awards
ADVERTISEMENT
ADVERTISEMENT
Videos
Dr
Resisted Flawed Schemes, Transferred Thrice In Three Months, Found Solace In Writing
WhatsApp Image 2025-08-11 at 4.48
IAS SVR Srinivas on Mumbai Trans Harbour Link, Tough Calls, and the Real Power of IAS Officers | Video Interview
WhatsApp Image 2025-08-08 at 5.25
Dharavi Redevelopment: IAS Minds Turning 100-Year-Old Slum into a Modern City | Video Interview
ADVERTISEMENT
UPSC Stories
IAS Minnu P M
“Lazy, Sleepy, Yet Determined”: Minnu P M’s Honest Take on Cracking UPSC
Minnu PM, once a clerk in Kerala Police, cleared UPSC with AIR 150 after five years of struggle. Her...
IPS Ashish Tiwari
From IIT and Investment Banking to Public Service, Meet IPS Ashish Tiwari 
Ashish Tiwari, IIT graduate and former investment banker, chose public service over global finance. As...
WhatsApp Image 2025-08-12 at 7.27
First Attempt IRS, Fourth Attempt IPS: The Relentless Pursuit of Jitendra Kumar Yadav Who Cracked UPSC 3 Times
IPS Yadav is originally from Chhattisgarh. He was first selected for the IRS through UPSC and later for...
Social Media
Masahiro Hara
From Go Board to Global Use, How QR Codes Changed the World: IRAS Officer Ananth Rupanagudi Spotlights Masahiro Hara’s Vision
IRAS officer Ananth Rupanagudi shared a video on Masahiro Hara, the inventor of QR codes, highlighting...
IFS Susanta Nanda Video
A Mother’s Duty: Tigress Watches Over Cubs Splashing in Waterhole — Heartwarming Video Shared By Retd. IFS Officer Susanta Nanda
A tender wildlife video shared by Retd. IFS officer Susanta Nanda shows a tigress keeping watch over...
Mohanmala
Kaziranga Mourns: Beloved Elephant Mohanmala Passes Away After Five Decades of Service
Kaziranga National Park mourns the loss of Mohanmala, a beloved elephant who served over 50 years as...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
NCST Holds Review Meeting with NHPC
NCST Holds Review Meeting with NHPC on Implementation of Safeguards for Scheduled Tribe Employees
MP CM Collector Award Niti Aayog
Sampurnata Abhiyan: Madhya Pradesh Leads NITI Aayog Campaign; Collectors from 8 Districts Win Gold
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
Dr
WhatsApp Image 2025-08-11 at 4.48
WhatsApp Image 2025-08-08 at 5.25
ADVERTISEMENT
ADVERTISEMENT