India’s steel ministry is keen on reducing consumption of coking coal and coke in the industry and is mulling over a roadmap for to execute that, Minister of State for Steel Beni Prasad Verma recently said in a conference held in New Delhi.
“Specific consumption level of raw materials, particularly Coking coal and Coke in Indian steel plants is very high and there is a lot of scope to reduce their consumption,” he said.
“We have to chalk out strategies and programmes to reduce the present consumption level…There are technologies which can substitute coking coal by non coking coal, which should be procured and adopted on priority,” he added.
The Minister was speaking at the Steel Summit 2011 organised by Confederation of Indian Industry (CII).
“The Steel Ministry is keen to develop a road map for long term sustainable development for the Steel industry which will further add to India’s growth story,” he said.
Speaking on the occasion, PK Misra, Steel Secretary, said that India should produce Steel more efficiently, cheaper than the other countres and produce specialty steel. Competitive steel will have a multiplier effect on the entire system and reduces the input cost. He also made a reference to the Ministry’s initiative to develop a new Steel Mission.
B Muthuraman, Vice President, CII, said that for a vibrant Steel industry a 40 to 50 year long-term planning horizon is required. “R&D in steel is limited in scope and breakthrough innovation and technologies have not emerged. India has high human talent capabilities and there is potential for India taking the lead in steel R&D, especially since the country is now one of the top five steel producers of the world,” he added.
CS Verma, chairman, SAIL, opined that R&D expenditure in steel should go up. At present R&D expenditure in India is much lesser than the rest of the World. He was keen on having a clear strategic plan for exploration in India and abroad. With a long term policy for land acquisition abroad in place the private sector can greatly benefit.
CII’s steel summit was organised to bring together all stakeholders and create wide-ranging discussions to move towards an optimum set of solutions for industry as a whole. The issues of technology usage, research and development and sustainability, should also be addressed as it is very critical to the industry.
“Specific consumption level of raw materials, particularly Coking coal and Coke in Indian steel plants is very high and there is a lot of scope to reduce their consumption,” he said.
“We have to chalk out strategies and programmes to reduce the present consumption level…There are technologies which can substitute coking coal by non coking coal, which should be procured and adopted on priority,” he added.
The Minister was speaking at the Steel Summit 2011 organised by Confederation of Indian Industry (CII).
“The Steel Ministry is keen to develop a road map for long term sustainable development for the Steel industry which will further add to India’s growth story,” he said.
Speaking on the occasion, PK Misra, Steel Secretary, said that India should produce Steel more efficiently, cheaper than the other countres and produce specialty steel. Competitive steel will have a multiplier effect on the entire system and reduces the input cost. He also made a reference to the Ministry’s initiative to develop a new Steel Mission.
B Muthuraman, Vice President, CII, said that for a vibrant Steel industry a 40 to 50 year long-term planning horizon is required. “R&D in steel is limited in scope and breakthrough innovation and technologies have not emerged. India has high human talent capabilities and there is potential for India taking the lead in steel R&D, especially since the country is now one of the top five steel producers of the world,” he added.
CS Verma, chairman, SAIL, opined that R&D expenditure in steel should go up. At present R&D expenditure in India is much lesser than the rest of the World. He was keen on having a clear strategic plan for exploration in India and abroad. With a long term policy for land acquisition abroad in place the private sector can greatly benefit.
CII’s steel summit was organised to bring together all stakeholders and create wide-ranging discussions to move towards an optimum set of solutions for industry as a whole. The issues of technology usage, research and development and sustainability, should also be addressed as it is very critical to the industry.
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