Economy

Govt to rank non-integrated secondary steel producers

Our Bureau New Delhi | Updated on January 15, 2018 Published on April 05, 2017

steel

Cabinet to approve National Steel Policy soon

The Ministry of Steel is going to rank non-integrated secondary steel producers.

The Union Minister for Steel, Chaudhary Birender Singh, said, "The government is going to identify and award the top 50 secondary steel producers of the country for their contribution to nation building."

The ranking will draw inspiration from the Smart City ranking approach that takes into account multiple factors.

The govenrment hopes that banks will take into account these rankings and consider lending to these companies at concessional rates, he added.

These ranked secondary steel producers will be categorised as 'Smart Producers'.

The producers will be expected to adopt clean technologies to achieve a better ranking, according to Singh.

He also said that the Union Cabinet is going to approve the National Steel Policy in a month.

BusinessLine had reported in March that the government is going to mandate using domestically produced steel for government tenders. This is going to be incorporated within the National Steel Policy, Singh said.

Published on April 05, 2017
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