Right ecosystem needed for secondary steel sector, consumers

21 Jun 2022 CW Team

Minister of Steel, Ram Chandra Prasad Singh, told the media that there is a need to provide the right ecosystem for the secondary steel industry and consumers to achieve the target of 300 million tonnes (mt) of steel capacity by 2030.

The Minister said this while addressing a meeting of the manufacturers and consumers held in Surat.

Singh said that the Ministry had emphasised the need of supporting and providing the right ecosystem for the secondary steel sector and consumers in a bid to meet 300 mt capacity by 2030.

In the meeting, the Minister highlighted that all the targets could be achieved only with the active participation of secondary steel producers and consumers.

Officials of the Ministry of Steel, representatives of the South Gujarat Chamber of Commerce, stakeholders of the secondary steel sector and the steel consumers association of Gujarat were also present at the meeting.

According to a statement, the Minister also suggested steel players take more interest in developing niche steel products to meet the country's needs.

Image Source

Also read: Industry forums to discuss innovation and reengineering in steel

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Infrastructure Urban

07 Jul 2026

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..