Secondary Steel Sector Awarded for contribution to National Economy

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. These awards were given in order to enhance the global competitiveness of companies involved in the secondary steel sector. It will also encourage the secondary steel sector to strive for improving performance as well as the quality of production.

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Highlights

  • 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.

 About Secondary Steel Sector

The secondary steel sector is a critical and important segment of the market spanning from construction, machine tools, cold rolled products, pipes, stainless steel, galvanized and color coated steel as well as exports. Nearly 150 units had applied for the awards, of which 82 units were inspected by the selection committee and the awardees were selected based on well-defined criteria.

Steel Sector

Steel is one of the core sectors of the Indian economy and India is the 3rd largest steel producer in the world. Steel contributes to over 2% to India’s GDP and creates a virtuous cycle of employment generation throughout the economy.

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