NEWS

Steel ministry creates level playing field for steel manufacturers

Friday, Feb 22, 2019

Union steel ministry has decided to stop classifying steel producers as integrated steel producers, primary steel producers, secondary steel producers. The move is aimed at providing a level playing field to steel manufacturers, both in the small and medium sector and large players, with different capacities who follow different routes for steel production, an official statement issued on Thursday said.

Instead of the earlier classification, once the steel product is certified by the Bureau of Indian Standard and meets the desired specifications, "no distinction shall be made on account of the basic input material and the process followed," the statement said. Incidentally, some 53 quality control orders have been issued in this regard laying down the quality standards for several steel products.

Government engineering departments especially in the C.P.W.D., Military Engineering Service and N.B.C.C. have been asked to ensure adherence to the above clarification and avoid any restrictive practices in their tenders, the statement added.

 

Source: economictimes.indiatimes.com

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