In a recently held function in Delhi, Ministry of Steel gave away Secondary Steel sector awards, for the first time, to 26 mini steel companies in recognition of their contribution to the national economy. The awards were given by Union Minister of Steel, Chaudhary Birender Singh. Twelve companies were awarded Gold Certificates and 14 Silver Certificates for their performance during 2016-17.
Speaking on this occasion Chaudhary Birender Singh said secondary steel sector contributes to more than half of the total steel production in the country. In order to enhance their global competitiveness, the award has been constituted. The Minister further added that in the context of India’s aim to create a globally competitive steel industry, the secondary steel sector has to play an important role along with integrated steel players in order to achieve 300 million tonne capacity by the year 2030-31. At present India has 134 MT capacity.