Steel Ministry organised National Steel Consumers’ Council meet
The Union Minister of Steel, Chaudhary Birender Singh chaired the meeting of the recently constituted National Steel Consumers’ Council of Ministry of Steel at Bengaluru. The meeting was attended by Binoy Kumar, Secretary-Designate, Ministry of Steel, Govt. of India along with senior officials from the Steel Ministry besides state government officials and captains of the steel industry.
In this gathering, the Mobile App of MSTC, a public sector enterprise under the Ministry of Steel – M3 (MSTC Metal Mandi) was launched, which is supposed to bring the buyer closer to the seller, removing the Constraints mainly for small buyers. This is in line with Government of India’s initiatives under Digital India.
Addressing the Council, Singh outlined India’s position in the global steel industry and mentioned that there is a huge potential for growth of steel demand in India. The per capita steel consumption of India at around 68 kg is much less than one third of the world average of around 208 kg.