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Steel Re-Rolling Mills Association of India www.srma.co.in Email : [email protected]
Sl. No, Name
1. Shri B.M. Beriwala,
Chairman
2. Shri Jagmel Singh Matharoo,
Vice Chairman
3. Shri Ramesh Kumar Jain,
Treasurer
4. Shri Sanjay Jain
5. Shri Kailasj Goel
6. Shri G P Agarwal
7. Shri O P Agarwal
8. Shri S K Sharda
9. Shri Sandip Kumar Agarwal
10. Shri S. S. Sanganeria
11. Shri Sanjay Surekha
12. Shri R P Agarwal
13. Shri S. S. Bagaria
14. Shri Girish Agarwal
15. Shri Goutam Khanna
16. Shri Suresh Bansal
17. Shri Rajiv Jajodia
18. Shri Bhusan Agarwal
19. Shri Mahesh Agarwal
20. Shri Sita Ram Gupta
21. Shri Ashok Bardeja
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SRMA Steel News is a division of Steel Re-Rolling Mills Association of India and takes due
care in preparing this news. Information has been obtained by SRMA from sources, which it
considers authentic. However, SRMA does not guarantee the accuracy, adequacy or
completeness of any information and is not responsible for any errors or omissions or for the
results obtained from the use of such information. SRMA is not liable for investment decisions,
which may be based on the views expressed in the News. SRMA especially states that it has no
financial liability whatsoever to the subscribers/users/transmitters/distributors of this News. And
no part of this news may be published/reproduced in any form without SRMA’s prior written
approval.
We are deeply shocked for sad demise of our Ex.Committee
member Mr.Ashok Bardeja who passed away on the 2nd of
August, 2014.
On behalf of the Chairman, Vice Chairman , Treasurer and
Committee, General members of the Steel Re-Rolling Mill’s
Association of India offer the heartiest condolence for his
family. We pray to God to give his family enough strength to
forebear this irreparable loss.
May His Soul Rest in Peace
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Executive Summary
Energy efficient technology is Essential for growth of SRRM
sector
Environment & Safety Focus
Taxation News
Events
Latest Steel News
CONTENTS
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Energy is one of the important inputs for the economic advancement of any country. In the matter of
developing countries, the energy sector assumes a critical importance in view of the ever increasing
energy needs requiring huge investments to meet them. Enhancement of energy efficiency of an
industry depends upon the measures taken for energy efficient equipment and system design and
standard operating practices. Energy efficiency is achieved when specific energy in a specific product,
process or areas of production or consumption is reduced without affecting output. Upgrading of energy
efficiency will contribute to energy conservation and is therefore an fundamental part of energy
conservation promotional policies.
India has speedily risen in the list of global energy consumers. Increasingly dependent on larger quantities
of fossil fuel, the country is currently the world’s third largest consumer of energy. Subsequently, it is
also the fourth largest source of GHG emissions, contributing over four per cent of the 25.2 billion tonnes
of CO2 released by the world every year. Of the 1.7 billion tonnes of GHGs emitted by India annually,
the industrial sector accounts for more than 500 million tonnes. The Indian steel sector is one of the
biggest contributors to this figure, emitting 70 million tonnes of CO2 per year.
For its direct energy needs, the SRRM sector is heavily dependent on furnace oil, coal, or natural gas.
This dependence is a drain on these small and medium sized units, forming over a quarter of production
costs. To compound the issue, fossil fuel use also increases their emission load. While technical
interventions to improve production efficiency and reduce energy costs are available, their existence is
largely unknown to the SRRM sector. There is low awareness about energy efficiency and most units lack
the engineering and technical manpower to adopt energy efficient practices.
Still SRRM sector is not energy efficient due to lack of experience in accessing external funds, of
incentives to cater to small-scale energy efficiency projects, Outdated technologies and practices, Low
information and awareness levels on the developments in the sector, Inappropriateness of generic energy-
efficient technologies (EETs) developed, Low research and engineering base and other institutional
linkages. Need for Energy Conservation To harness the high energy saving potential and its benefits,
bridging the gap between demand and supply, reducing environmental emissions through energy saving
and to effectively overcome the barrier, the government of India enacted the Energy Conservation Act-
2001.
The Act provides the much needed legal frame work and in institutional arrangement for embarking
on an energy efficiency drive. Improving Energy Efficiency In Steel Rerolling Sectors The Centre for
Engineering & Technology (CET), Ranchi, is the inhouse design engineering and consultancy
organization of Steel Authority of India (SAIL). Under the UNDP assisted project for energy efficiency
improvement in steel rerolling sector comprising mainly small and medium enterprises (SME), CET
with SAILCON was entrusted for suggesting methods for improving energy efficiency for rerolling
industries located in north and western part of India and again study for preparation of feasibility report
for improving energy efficiency in SRRM sector.
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Globally growing consumption of energy has
gone in the certain level with rising concerns about
its conservation. Apart from being expensive and
prone to sudden price fluctuations, the
overwhelming majority of energy sources are non-
renewable. Therefore, the conservation of energy is
considered vital not just to avoid wastage of a
precious resource, but also to slow down the rapid
depletion of coal, oil, and natural gas resources.
However, with the environmental movement
gaining ground in the past 30 years, the
ramifications of unsustainable energy use are no
longer confined to economics alone. As the bulk of
greenhouse gas (GHG) emissions is a result of
fossil fuel burning, conservation of energy is today
intrinsically linked to the climate matter. As
halting fossil fuel use is not an option without the
viability of alternative sources, the only way to
reduce energy use and manage emissions is
therefore to maximize its efficiency.
The Steel Project’s core technical objective was to
facilitate access to energy-efficient technologies (EETs)
for steel re-rolling mills (SRRMs). The report surveyed
SRRM units across clusters, observing technology and
production processes and identifying opportunities for
EET interventions. The report stated that SRRMs in
India are typically of two types, each having its own
technical specifications. Bar mills are ingot-/ billet-based
rolling mills, with a typical capacity of 50–100 tonnes
per day (TPD). They are equipped with a roughing mill
an intermediate mill, a finishing mill, rotary shearing,
repeaters, and a thermo-mechanically treated (TMT) line
with a cooling system (i.e., TMT cooling line, hot water
pump, cold water pump, pinch roll, controls, and DC
motors). the SRRM sector.
The focus of energy-efficiency initiatives in India has
been limited mostly to the large industries. There has
been little progress in creating an energy-efficiency
‘culture’ among the thousands of small and medium
enterprises (SMEs) dotting the industrial landscape, even
though it is an acknowledged fact that the nation can
achieve tremendous energy savings through
interventions in the SME sector (defined as enterprises
with a cumulative investment of between ` 2.5 million to
` 100 million in the Indian context.
The steel re-rolling mill (SRRM) sector too has largely
been overlooked, with most energy-efficiency
interventions in the steel sector being limited to the large
integrated steel plants. The performance of the Indian
SRRM sector on key energy-efficiency parameters was
far from optimum. When compared with global SRRMs,
it was found that re-rolling mills in India tend to
consume up to 1.8 times more fuel oil than their foreign
counterparts. Where coal is used instead of fuel oil, the
difference is as much as three times
more.
Current Design & Operating Practice In Steel Rerolling
Mills was observed that most of the rerolling mills are
manually operated with least measurement and
monitoring equipment. All the mills have batch type
operation methodology and operated for 8-10 hours.
Reheating furnaces are operated for 12-14 hours
including preheating time of 3-4 hours. In most of the
rolling mills firing in furnaces are stopped at around 5-
6.00 pm and firing is restarted at around 4-5.00 am.
While shutting down the furnace all the openings of
furnace are closed loosely and one opening in the flue
tunnel is kept open. Most of the furnaces are constructed
based on the similar furnaces in nearby industry or as
advised by local designers without proper drawing or
consideration of thermal heat balance.
The location of burners is also not placed at technically
suitable locations resulting in uneven temperature
distribution in the furnace. Due to this most of the
heating is done in the soaking zone only resulting in
uneven soaking, more burning loss and more heat loss.
Heat recovery system/equipments installed are not
effective in most of the furnaces. Flue gas analyser to
indicate partial/complete combustion is also not
generally installed. Refractory in the furnace are
provided by hunch without consideration of thermal
requirement resulting in either more heat loss from the
furnace all and roof or damage to the refractories.
Pollution control equipments installed in the flue gas
circuit is not integrated scientifically
Photo UNDP India
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Proposed measures for improving energy efficiency in
steel rerolling sectors Generally the rerolling mill
industrialists are very innovative and enthusiastic to
accept low cost changes and install facilities with
immediate results. They need proper technical guideline
and specifications only. In SME sector there is
considerable scope of improvement in energy efficiency
as short term measure with least time and cost
involvement. Some of the measures are indicated below
:- Immediate measures/standard operating practices :
1. While shutting down the furnace all the openings of
furnace are to be closed properly closed and damper in
the flue tunnel just outside the furnace to be closed and
one opening after the damper is to be kept open. This
will reduce ingress of the air drastically into the furnace
after shutting down. 2. Basic instrumentation equipment
for measuring parameters of fuel oil and air pressure and
temperature to be maintained in the working condition
and monitored regularly. 3. Production to be planned in
advance to avoid delay. Further same type of material to
be charged at a time. Mixed charging to be avoided.
Furnace pressure to be maintained not more than 1-
1.5mm WC.
4. Charge to be heated in heating zone and soaking
zone burners should be used for soaking of the charge
for making the temperature distribution uniform with
minimum temperature difference with core. 5 Use of
skilled manpower and maintaining of standard operating
practices. Skilled manpower pool may be created by
giving proper training to the operators by experts This
will help in energy saving of around 3-5 percent and
burning loss will also be reduced.
Short Term Measures Zone temperature, air fuel ratio &
furnace pressure control It is recommended to operate
furnace with following control system - Zone
temperature control for individual zones - Air/fuel oil
ratio control for individual zones - Furnace pressure
control - Air and fuel oil flow measurement - Oxygen
content in flue gases control - Local gauges as per
requirement for monitoring Variable Speed Drive For
Combustion Air Blower VVVF type AC drive controller
shall be introduced for blowers. This will help to
regulate the speed depending upon the requirement of
combustion air at the varying furnace demand or during
break-down in mill or during mill setting or low load
conditions. [source steelworld]
High Efficiency Recuperator For Preheating Combustion
Air Properly designed waste heat recovery recuperator
is recommended for preheating combustion air to about
300 degree C for both heating zone and soaking zone
burners. The present air preheat temperature is only 0-
180 degree C. Energy Efficient Burners And Atomizing
Blowers The existing burner capacity needs to be
rechecked and recommended to replace these burners
with energy efficient burners. Also, a separate blower
shall be provided for atomizing the fuel. This will help
in energy saving of around 5-10 percent and burning loss
will also be reduced 1.5 to 0.5 percent. Long Term
Measures Long term measures like replacement of
existing reheating furnaces with modern design furnaces
having oxyfuel burners/recuperative burners will further
reduce the energy consumption to optimum level.
There is vast scope of improving energy efficiency of
rerolling mills in India. Industrialists are innovative and
ready to accept the changes which give them immediate
savings and results with least investment. The help they
need is technical specifications, standard operating
methodology and training to their manpower by experts
in this field. At the same time they need technical as well
as monitory support.
Regenerative Burners for Reheating Furnaces - A
regenerative burner is a heat recovery system that
recovers the waste heat of the furnace exhaust gas to
heat-up the combustion air of the furnace. The
regenerative burner uses heat reservoirs and dual heat-
recovering generators at each burner. During
combustion, one side of a burner combusts fuel while the
other accumulates the exhaust heat into the heat-
recovering generator. Then the burners switch so that the
one accumulating heat combusts the fuel and the other
now accumulates exhaust heat. Use of regenerative
burners for reheating furnaces can provide significant energy savings.
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In the iron and steel industry, large amounts of materials are processed,
transported and conveyed by massive equipment that dwarfs that of most
industries. Steel works typically have sophisticated safety and health
programmes to address hazards in an environment that can be unforgiving.
An integrated approach combining good engineering and maintenance
practices, safe job procedures, worker training and use of personal
protective equipment (PPE) is usually required to control hazards.
Burns may occur at many points in the steel-making process: at the front of
the furnace during tapping from molten metal or slag; from spills, spatters
or eruptions of hot metal from ladles or vessels during processing, teeming
(pouring) or transporting; and from contact with hot metal as it is being
formed into a final product. Water entrapped by molten metal or slag may
generate explosive forces that launch hot metal or material over a wide
area. Inserting a damp implement into molten metal may also cause violent
eruptions.
Mechanical transport is essential in iron and steel manufacturing but
exposes workers to potential struck-by and caught- between hazards.
Overhead travelling cranes are found in almost all areas of steel works.
Most large works also rely heavily on the use of fixed-rail equipment and
large industrial tractors for transporting materials.
Safety programs for crane use require training to ensure proper and safe operation of the crane and rigging of loads
to prevent dropped loads; good communication and use of standard hand signals between crane drivers and slingers
to prevent injuries from unexpected crane movement; inspection and maintenance programs for crane parts, lifting
tackle, slings and hooks to prevent dropped loads; and safe means of access to cranes to avoid falls and accidents on
crane transverse ways.
Maintaining proper clearance for passage of large industrial tractors and other equipment and preventing unexpected
start-up and movement are necessary to eliminate struck-by, struck-against and caught-between hazards to
equipment operators, pedestrians and other vehicle operators. Programs are also necessary for inspection and
maintenance of equipment safety appliances and passageways.
Good housekeeping is a cornerstone of safety in iron and steel works. Floors and passageways can quickly become
obstructed with material and implements that pose a tripping hazard. Large quantities of greases, oils and lubricants
are used and if spilled can easily become a slipping hazard on walking or working surfaces.
Tools are subject to heavy wear and soon become compromised and perhaps dangerous to use. Although mechanization has
greatly lessened the amount of manual handling in the industry, ergonomic strains still may occur on many occasions. Sharp
edges or burrs on steel products or metal bands pose cut and puncture hazards to workers involved in finishing, shipping and
scrap handling operations. Cut-resistant gloves and wrist guards are often used to eliminate injuries.
Protective eye-wear programs are particularly important in iron and steel works. Foreign-body eye hazards are prevalent in most
areas, especially in raw material handling and steel finishing, where grinding, welding and burning are conducted.
Programmed maintenance is particularly important for accident prevention. Its purpose is to ensure the efficiency of the
equipment and maintain fully operative guards, because failure may cause accidents. Adhering to safe operating practices and
safety rules is also very important because of the complexity, size and speed of process equipment and
machinery.
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Continue to next issue>
TAXATION NEWS
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
CENTRAL BOARD OF EXCISE AND CUSTOMS
Notification No. 53/2014-Customs(N.T.)
S.O.(E) – In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in
supersession of the notification of the Government of Indian in the Ministry of Finance (Department of
Revenue) No.49/2014-CUSTOMS(N.T.) dated the 3rd July, 2014 vide number S.O. 1684(E), dated the
3rd July, 2014, except as respects things done or omitted to be done before such supersession, the Central
Board of Excise and Customs hereby determines that the rate of exchange of conversion of each of the
foreign currency specified in column(2) of each of Schedule I and Schedule II annexed hereto into Indian
currency or vice versa shall, with effect from 18th July, 2014 be the rate mentioned against it in the
corresponding entry column(3) thereof, for the purpose of the said section, relating to imported and export
goods.
SCHEDULE – I
Sl.
No.
Foreign Currency Rate of exchange of one unit of foreign currency
equivalent to Indian rupees
(1) (2) (3)
(a) (b)
(For Imported Goods) (For Export Goods)
1. Australian Dollar 57.05 55.70
2. Bahrain Dinar 164.30 155.25
3. Canadian Dollar 56.75 55.40
4. Danish Kroner 11.10 10.75
5. EURO 82.40 80.45
6. Hong Kong Dollar 7.85 7.70
7. Kuwait Dinar 219.80 207.20
8. New Zealand Dollar 52.95 51.65
9. Norwegian Kroner 9.85 9.55
10. Pound Sterling 104.40 102.10
11. Singapore Dollar 49.05 47.95
12. South African Rand 5.80 5.50
13. Saudi Arabian Riyal 16.50 15.60
14. Swedish Kroner 8.95 8.70
15. Swiss Franc 68.00 66.15
16. UAE Dirham 16.85 15.95
17. US Dollar 60.70 59.70
SCHEDULE – II Sl.
No.
Foreign Currency Rate of exchange of 100units of foreign currency equivalent
to Indian rupees
(1) (2) (3)
(a) (b)
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(For Imported Goods) (For Export Goods)
1. Japanese Yen 60.05 58.55
2. Kenya Shilling 70.70 66.60
(F.No.468/01/2014-Cus.V)
(SATYAJIT MOHANTY)
DIRECTOR (ICD)
GOVERNMENT OF WEST BENGAL
DIRECTORATE OF COMMERCIAL TAXES
14, BELIAGHATA ROAD, KOLKATA-700015
Trade Circular No. 13/2014
Date : 13.08.2014
Sub : e-service for cancellation of Certificate of Registration
In order to extend e-service to the dealers, Directorate is continuously engaged in introducing newer e-
service or expanding already available e-services. The latest of such services, that is going to be
introduced, is the online facility to be available for filling application for cancellation of certificate of
registration by a dealer, registered under the WBVAT Act, 2003, WBST Act, 1994 or CST Act, 1956.
To start with, Directorate will provide a link in the website www.wbcomtax.gov.in through which a
willing registered dealer would be allowed to apply online for cancellation of RC after selecting the Act,
and filling up necessary particulars. On successful submission, an automatically generated
Acknowledgement Slip will be displayed containing the Application Number. The dealer has to note
down Acknowledgement Number as well as take print of the Acknowledgement Slip and the Application.
The dealer is also allowed to take re-prints of those documents using the links provided in the menu page.
After this online process is completed, the dealer is required to submit manually the print copies of
Application Form, Application Slip, Registration Certificate and other necessary documents at the
respective Charge Office for disposal of his application manually.
This new system will replace the existing manual application system with immediate effect.
S/d-13.08.2014
(Binod Kumar)
Commissioner,
Sales Tax, West Bengal
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EVENTS
Minerals, Metals, Metallurgy & Materials (MMMM) 2014
4-7, September 2014
Pragati Maidan
New Delhi
For Booking & Enquiries
International Trade and Exhibitions India Pvt. Ltd.
1106-1107, Kailash Building, 26 K.G. Marg, New Delhi- 110001, India
Tel: +91 11 40828282
Gagan Sahni: +919810036183
Varun Sharma:+91 11 40828208
Smita Roy: +91 11 40828217
Sandeep Arora: +91 11 40828227
13th International Stainless & Special Steels 2 - 4 September 2014
Hotel InterContinental
Istanbul, Turkey
AMM 8th Steel Scrap Conference 10 - 11 September 2014
Hilton New Orleans Riverside
New Orleans, U.S.A
From 28-30 October 2014, Messe Duesseldorf India with its parent company, Messe Duesseldorf GmbH {organiser
of wire and TUBE Duesseldorf, GIFA,
METEC, THERMPROCESS and NEWCAST (GMTN)} and MESSE ESSEN GmbH (organiser of Schweissen &
Schneiden), will organise 4 leading trade fairs for the metals industry in India. They are Metallurgy India 2014, Wire
& Cable India 2014, Tube India International 2014 and INDIA ESSEN WELDING & CUTTING 2014 in
halls 1, 5 and 6 at the Bombay Convention & Exhibition Center, Goregaon (East), Mumbai.
Middle East Steel Conference(MESC) 2014
Date : 21st – 23rd October, 2014
Venue : Inter Continental, Festival City, Dubai, UAE TOP
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STEEL NEWS
India to become 2nd largest Steel Producer : Arcelor Mittal
INDIA’s economic prospects have improved and is likely to see major reforms as the coalition era has
ended with the new government’s majority in the Lok Sabha, steel giant Arcelor Mittal has said. It further
said that India has poised to become the second largest global steel producer, and mergers and
acquisitions in the country’s steel sector are likely to remain active. It may be noted that Arcelor
0Mittal’s proposed Rs.50,000 crore project in Jharkhand is stuck for over eight years now for want of
regulatory clearances and land acquisition. It had scrapped Rs.50,000 crore project in Odisha last year on
account of problems in land acquisition and securing ore linkages. The company had recently said that it
continued to pursue Greenfield projects in Jharkhand and Karnataka.
Economic prospects have improved in India as the incoming government has won a Parliamentary
majority in the Lower House, which breaks the long run of coalition governments, and is expected to
allow for significant economic reforms. Arcelor Mittal said in a report. The growth prospects in the
country are bright, it added. The country has become the world’s third largest steel consumer after China
and the United States and is expected soon to become the world’s second largest steel producer
worldwide it said.
The merger and acquisition activities are expected to remain active in the Indian steel and mining industry
though at a lower considering the current economic slowdown. The integration of Ispat industries into
JSW Steel was a major consolidation step in 2010, the report said. Arcelor Mittal has plans set up a 12
million tonne per annum(mtpa) steel plant in Jharkhand at an estimated investment of Rs.50,000 crore,
which has been stuck. In July last year it had scrapped its proposed 12mtpa Odisha project, tipped as one
of the biggest foreign investment proposals, due to inordinate problems in acquiring land and securing
iron ore linkages. Besides it has plans to set up a 6mtpa plant in Karnataka. The company recently has
said : “In India, the company continues to pursue its greenfield projects in Jharkhand and Karnataka. In
Karnataka, the government has transferred 2660 acres of private land in the company’s name.
Indian steel majors form India Steel Association
(Follow @steelguru on Twitter for important updates)
ET reported that India’s major domestic steel producers came together to formally launch an industry
body, the Indian Steel Association (ISA), on Tuesday
The meeting was attended by industry leaders from SAIL, Tata Steel, JSW, RINL, JSPL, Essar in the
presence of Mr. G Mohan Kumar, Secretary, Ministry of Steel.
Mr CS Verma Chairman SAIL was unanimously elected as the first President of the Indian Steel
Association and Mr Sajjan Jindal Chairman & Managing Director of JSW, Mr TV Narendran MD of Tata
Steel and Mr P Madhusudan CMD of RINL will be apex committee members.
The membership of ISA will be open to any steel producer with a yearly capacity of at least 2 million
tonne. Steel producers with capacity less than 2 million tonnes can be affiliate members.
The association aims to work towards transforming the Indian steel industry as a global leader acclaimed
for its Quality, Productivity & Competitiveness.
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The ISA received a shot in the arm soon after its creation through recognition from World Steel
Association during the meeting. A certificate to this effect was presented on behalf of Chairman and
Board of Directors of World Steel Association. Dr Edwin Basson, Director General, World Steel
Association, was present during the meeting and he outlined the role and responsibilities of such an
association in a competitive scenario.
In the meeting. Secretary Steel, G Mohan Kumar, in his address to the association, stressed that the
members of the association were expected to work with cohesion, collaboration and coordination to deal
with the common issues of concern of the Indian steel industry.
Source – Economic Times
Get latest updates through Twitter – Follow @steelguru
(www.steelguru.com)
Odisha revise iron ore output data for 10 years
(Follow @steelguru on Twitter for important updates)
Officials said that a mammoth exercise conducted by the Odisha government recently to revise iron ore output data
of 187 miners for a period of 10 years starting 2000-01 will not have any impact on the INR 59,000 crore penalty
order issued for excess production,
They however, said that the miners can appeal for revision of penalty based on revised figures at the time of hearing
at courts. Mr Deepak Mohanty, director of mines with the state government, said that "The demand notice issued in
excess mining cases remain valid and this reconciliation (of output data) is not going to affect the order. The revised
data though can be quoted at the time of hearing."
Government officials said that the revised figure, however, is not significantly different from the previous figures.
An official involved in the data revising process in the government said that "There were some clerical errors
regarding output data like 50,000 tonne was quoted as 500,000 tonne. But barring a few such cases, the total output
figure is not significantly different from the output data quoted for excess output penalty."
In November 2012, the state government had fined 104 iron and manganese ore mine lease holders for extracting
minerals beyond approved quantity and asked them to pay the market price for the excess production. The recovery
notice, sent to top steelmakers such as TATA Steel, SAIL, and state-run Odisha Mining Corporation (OMC)
amounted to INR 59,000 crore. Nearly all the miners have gone to the Revision Authority under Union mines
ministry challenging the order and have obtained stay order over the penalty notice.
The penalty notice quoted mineral output figures provided by joint verification of a team comprising officials from
state steel and mines department, forest and environment department, Indian Bureau of Mines (IBM) and Odisha
State Pollution Control Board.
Source – Business Standard
Get latest updates through Twitter – Follow @steelguru
(www.steelguru.com)
Steel Ministry proposes higher duty on steel imports into India
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Indian Express reported that the Indian steel ministry has suggested doubling the import duty on value added steel
products to 15% ad valorem from 7.5% currently with immediate effect”.
In a note dated August 12th to the finance ministry, the steel ministry has recommended imposition of “quantitative
restrictions” on import arrivals in the ports on the Western coast.
Burdened with a surplus steel production capacity of 250 million tonnes, China is trying to push its output into India.
The ministry said that apart from China, steel produced in Japan, South Korea, Ukraine are also finding their way
into the domestic markets.
The suggestions are based on representations from the steel companies last month, which say that the import surge
from China is hurting them even as they continue to battle paucity of iron ore and muted demand for the alloy.
The ministry added that while total steel imports from China surged by 100 per cent, it was up by 51% from South
Korea. Imports of hot rolled flat steel have increased by 57%. Of this, China saw a 460% increase and South Korea
259%.
Mr CS Verma chairman of SAIL chairman said that China is exporting a category of TMT bars (used by realty
sector) and its steel makers are availing lower duty and export benefits.
Source – Indian Express
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Indian steel exports earned at INR 86,822 crore in Apr11-Jun14
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PTI reported that the country earned a revenue of INR 86,822 crore from steel exports during April 2011 to June
2014. Mr Vishnu Deo Sai minister of State for Steel and Mines said that “The revenue earned through exports of
alloy, non-alloy and semis between April 2014 and June 2014 stood at INR 7,971 crore.”
Mr Sai said that the revenue on account of steel exports stood at INR 29,994 crore in 2013 to 2014, INR 26,912
crore in 2012 to 2013 and INR 21,946 crore in 2011 to 2012, respectively. He said that “As the prices are essentially
market driven, government has no role in fixation of prices.”
He, however, added that the government has taken a number of steps for corrective measures that include formation
of an inter-ministerial group in the Ministry of Steel for expediting investment projects in the sector.
He further added that “To increase domestic value addition and improve iron ore availability for domestic steel
industry at reasonable prices, duty on export of iron ore has been increased to 30%. Recently the government has
imposed export duty of 5% ad valorem on export of iron ore pellets.”
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