Federation of Indian chambers of commerce & Industry (FICCI) along with the Ministry of Steel is organizing the fifth exhibition of INDIA STEEL from January 22-24, 2021 at Mumbai Exhibition Centre, Mumbai. It is an exhibition-cum-conference on Indian Steel industry focusing upon the value enhancement from mining to steel production and delivery of the steel products to end consumers. The focus is upon raw material conversion from an ore to the final product (with the aid of technology), to demand generation and ensuring optimal deliveries to the customers.
The Indian steel, one of the core industries in India, is the world's third largest producer of crude steel and is expected to become the second largest producer soon. The per capita consumption of steel is generally accepted as a yardstick to measure the level of socio-economic development and living standards of its countrymen. Therefore, no developing country can afford to ignore the steel industry.
Steel industry derives its demand from other important sectors like infrastructure, aviation, engineering, construction, automobile, pipes and tubes etc. Thus its intense integration with other important industries makes it a strategic sector for the Governments as well as the economy as a whole.
However, the most important aspect for the Indian steel industry is the huge availability of key raw material i.e. Iron Ore. Though the recent mining restrictions have put a strain on its availability, if explored and mined, with the aid of latest technology, it can provide the much needed competitive advantage to the domestic steel players in India.
Also, for the programmes like “Make in India” to be successful, it is important that both the mining and steel are integrated to bring synergistic benefits for the steel and end-user community in India.
Thus, India Steel 2021 is rightly positioned to lay the roadmap to the vision of 300MT by 2025 by highlighting inter-linkage between the Indian mining & steel industries and how effective & efficient mining can make Indian steel industry proud at the global landscape. It will also showcase the importance of supply chain in the Indian Steel industry and opportunities therein.