{"id":43340,"date":"2025-09-08T12:19:55","date_gmt":"2025-09-08T06:49:55","guid":{"rendered":"https:\/\/livemumbai.in\/index.php\/2025\/09\/08\/indias-steel-industry-seeks-reforms-in-standards-green-steel-push-and-gst-simplification-to-strengthen-competitiveness\/"},"modified":"2025-09-08T12:19:55","modified_gmt":"2025-09-08T06:49:55","slug":"indias-steel-industry-seeks-reforms-in-standards-green-steel-push-and-gst-simplification-to-strengthen-competitiveness","status":"publish","type":"post","link":"https:\/\/livemumbai.in\/index.php\/2025\/09\/08\/indias-steel-industry-seeks-reforms-in-standards-green-steel-push-and-gst-simplification-to-strengthen-competitiveness\/","title":{"rendered":"India\u2019s Steel Industry Seeks Reforms in Standards, Green Steel Push, and GST Simplification to Strengthen Competitiveness"},"content":{"rendered":"
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New Delhi [India], September 8: <\/strong>The\u00a0AIIFA Sustainable Steel Manufacturers Association<\/strong>, representing over 1,800 members nationwide, has called for\u00a0comprehensive reforms in standards, sustainability practices, and taxation<\/strong>\u00a0to strengthen the resilience and global competitiveness of India\u2019s steel sector. Contributing nearly\u00a047% of the nation\u2019s steel output,\u00a0<\/strong>the\u00a0secondary steel sector<\/strong>\u00a0plays a pivotal role in driving\u00a0decentralized industrial growth, employment in semi-urban and rural areas, and supporting India\u2019s target of 300 million tonnes of steel capacity by 2030.<\/strong><\/p>\n

Despite its importance, the sector continues to grapple with challenges including\u00a0raw material price volatility, rising energy costs, logistical inefficiencies, and growing decarbonization pressures.\u00a0<\/strong>AIIFA has emphasized that\u00a0immediate policy and structural interventions<\/strong>\u00a0are critical to unlocking the sector\u2019s full potential.<\/p>\n

In this context, AIIFA, in collaboration with the\u00a0Steel Manufacturers Association of Maharashtra (SMAM)<\/strong>, under the aegis of the\u00a0Ministry of Steel, Government of India<\/strong>, and with the support of the\u00a0United Nations Development Programme (UNDP)<\/strong>, will host\u00a0AIIFA STEELEX-2025<\/strong>\u2014widely regarded as the\u00a0\u201cMahakumbh of the Steel Industry\u201d.<\/strong><\/p>\n

The event, scheduled alongside the\u00a037th National Conference<\/strong>\u00a0on Steel on\u00a019\u201320 September 2025<\/strong>\u00a0at the\u00a0Bombay Exhibition Centre, Goregaon, Mumbai<\/strong>, will unite the secondary steel sector under the theme\u00a0\u201cOne Industry, One Destination.\u201d<\/strong>\u00a0With\u00a0300+ exhibitor<\/strong>s and over\u00a03,500 delegates<\/strong>\u00a0expected, discussions will focus on\u00a0decarbonization, hydrogen-based steelmaking, renewable energy integration, raw material security, circular economy models, and global trade challenges such as the EU\u2019s Carbon Border Adjustment Mechanism (CBAM).<\/strong><\/p>\n

<\/strong><\/p>\n

Mr. Yogesh Mandhani, President of AIIFA Sustainable Steel Manufacturers Association<\/strong>, emphasized the need to revisit\u00a0BIS standards<\/strong>, pointing out that India\u2019s diverse geography and climatic conditions make a uniform, \u201cone-size-fits-all\u201d approach inadequate. He called for revisions to critical norms such as IS:1786 with region-specific considerations and urged the Bureau of Indian Standards (BIS) to adopt a performance-based framework that ensures strength, ductility, and durability, while allowing manufacturers the flexibility to innovate and integrate advanced technologies.<\/p>\n

Mr. Mandhani further noted that the transition to\u00a0green steel<\/strong>\u00a0is not only an environmental necessity but also a strategic growth opportunity. With its scrap-based production model, the secondary steel sector is uniquely positioned to lead this transformation by deploying energy-efficient technologies, renewable power, and carbon-reduction measures. He urged the government to provide strong policy support through carbon credit benefits, affordable renewable energy, and targeted financial incentives for green steel projects, enabling India to emerge as a global hub for sustainable steel production.<\/p>\n

Mr. Kamal Aggarwal, Hon. Secretary General of AIIFA Sustainable Steel Manufacturers Association<\/strong>, highlighted another critical concern\u2014GST compliance in scrap\u00a0transactions<\/strong>. With small and unorganized suppliers often operating outside the formal framework, the compliance burden falls disproportionately on secondary steel producers. He stressed the need for simplified and inclusive GST mechanisms that encourage small suppliers to enter the tax net, thereby strengthening the circular economy, improving compliance, and enhancing industry competitiveness.<\/p>\n

Concluding,\u00a0Mr. Mandhani<\/strong>\u00a0reiterated that India\u2019s steel sector stands at a decisive turning point. By modernizing standards, accelerating the green steel roadmap, and simplifying the GST framework, India can build a stronger, more resilient, and globally competitive steel industry. With coordinated efforts between the government and industry, he expressed confidence that India will not only achieve its domestic growth targets but also establish itself as a key player in the global low-carbon economy.<\/p>\n

If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

New Delhi [India], September 8: The\u00a0AIIFA Sustainable Steel Manufacturers Association, representing over 1,800 members nationwide, has called for\u00a0comprehensive reforms in standards, sustainability practices, and taxation\u00a0to […]<\/p>\n","protected":false},"author":1,"featured_media":43341,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[623],"class_list":["post-43340","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/posts\/43340","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/comments?post=43340"}],"version-history":[{"count":0,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/posts\/43340\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/media\/43341"}],"wp:attachment":[{"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/media?parent=43340"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/categories?post=43340"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/tags?post=43340"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}