Ministry of Steel

What Ministry of Steel does

The Ministry of Steel is a federal regulatory body of the Government of India, headquartered in Udyog Bhawan, New Delhi, established in 1947 with responsibility for the Indian steel sector. Its core functional mandate covers four pillars: policy formulation (National Steel Policy 2017, Green Steel Taxonomy, DMI&SP framework, Steel Scrap Recycling Policy), incentive administration (Production Linked Incentive Scheme for Specialty Steel across multiple rounds, with PLI 1.2 having secured 85 MoUs and Rs 11,887 crore of committed investment on top of the original Rs 6,322 crore outlay), standards and certification (Green Steel Certification administered via NISST, Quality Control Orders covering 145+ steel products), and stewardship of public sector undertakings including SAIL, RINL, NMDC, KIOCL, MECON, MOIL, MSTC, and NINL.

The Ministry operates digital platforms such as the Steel Import Monitoring System (SIMS), which provides near-complete trade-flow visibility on steel imports into India, and the Joint Plant Committee (JPC) functions as the primary statistical agency for the sector under the Collection of Statistics Act 2008. It does not generate commercial revenue; funding flows from Union Budget allocations, with PSU-level commercial activity conducted by its subsidiary entities. Its customer base, in the institutional sense, is the entire Indian steel industry (both public and private producers) plus inter-ministerial coordination partners (Coal, Mines, Environment, Commerce, Railways).

The Ministry's strategic posture has shifted materially in 2025-2026 from a domestic policy-and-PSU stewardship role toward a sectoral modernization and decarbonization architect: it launched the world's first state-level Green Steel Taxonomy (March 2025), approved major capacity expansions (SAIL Bhilai to 10.2 MTPA), initiated an AI-Driven Digital Roadmap for the sector, and signed international cooperation MoUs with Brazil, Russia, Argentina, and the EU to align on CBAM, raw materials, and trade. The underlying business model is regulatory rather than commercial — pricing does not apply — and the Ministry's "products" are policy frameworks, certification regimes, incentive disbursements, and standards.

Name

Ministry of Steel

Legal name

Ministry of Steel, Government of India

Website

https://steel.gov.in

Company type

Private

Founded year

1947

Operating status

Operating

Headcount range

101–250 employees

Short description

The Ministry of Steel is a federal regulatory body of the Government of India, headquartered in New Delhi, that formulates steel sector policy, administers incentive schemes (PLI for Specialty Steel), certifies standards (Green Steel Taxonomy, Quality Control Orders), oversees public sector steel undertakings (SAIL, NMDC, RINL), and drives industry decarbonization and digitalization initiatives.

Ownership category

akta.pro rank

Product category

Steel Industry Regulation

NAICS

Executive, Legislative, and Other General Government Support (921), Public Finance Activities (92113), Regulation and Administration of Communications, Electric, Gas, and Other Utilities (92613)

SIC

International Affairs (9721)

akta.pro primary industry

Trade, Industry & Economic Development Administration (BPAIAAAL)

akta.pro secondary industry

Technical Committees, Working Groups & Expert Panels (BPADANAB)

Keywords

• Steel industry regulation
• Industrial policy formulation
• Government incentive schemes
• Green steel certification
• Public sector steel management

Headquarters

HQ city

New Delhi

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Others

Distribution channels1 record

Marketing channels8 records

Core offering

The Ministry of Steel is a federal government body of India that formulates and implements policies for the development and regulation of the steel industry. It oversees public sector undertakings (PSUs) such as SAIL, RINL, and NMDC, administers the Production Linked Incentive (PLI) Scheme for specialty steel, issues Quality Control Orders, and coordinates raw material security, trade policy, and decarbonization initiatives for the sector.

Product overview

The Ministry of Steel is a government ministry overseeing India's steel industry development and regulation, functioning as a policy-making body rather than a product company. Its portfolio consists of policy frameworks (National Steel Policy 2017, Green Steel Initiative, Steel Scrap Recycling Policy, DMI&SP Policy), incentive schemes (PLI Scheme for Specialty Steel with three phases), grant programs (R&D Scheme), digital platforms (SIMS), certification services (Green Steel Certification via NISST), and recognition programs (National Metallurgist Awards). Together, these products form an integrated ecosystem supporting India's steel sector growth, decarbonization, and global competitiveness.

Differentiator

Problem solved

Functional benefit

Brands

• Bharat Steel: Flagship international conference and exhibition on India's steel sector
• Green Steel Initiative
• India Steel

Products and services

• National Steel Policy (NSP) 2017 Comprehensive policy framework targeting crude steel production capacity of 300 million tonnes by 2030-31 with a production goal of 255 MT, addressing domestic demand for high-grade automotive steel, electrical steel, special steel, and alloys for strategic purposes.
• Green Steel Taxonomy for India World's first state-level green steel taxonomy establishing a three-tier rating system for steel producers based on CO2 emissions per ton of steel, effective from fiscal year 2026-27.
• Production Linked Incentive (PLI) Scheme for Specialty Steel Production Linked Incentive scheme across three phases supporting domestic production of specialty steel grades for defense, automobiles, and electrical appliances, with 85 MoUs signed with 55 companies committing Rs 11,887 crore in investments for 8.7 million tonnes capacity addition.
• DMI&SP (Domestically Manufactured Iron and Steel Products Policy) Policy providing preference to domestically manufactured iron and steel products in government procurement to promote domestic manufacturing and reduce import dependency.
• Steel Scrap Recycling Policy Policy framework to promote scrap-based steel production, reduce import dependence, and support circular economy objectives as India expands steelmaking capacity.
• Research and Development Scheme Government-funded scheme providing financial assistance for R&D addressing technological issues in the steel sector, focusing on green steel production, H2-based steel production, CCUS, waste utilization, and resource efficiency.
• Steel Import Monitoring System (SIMS) Digital platform for monitoring steel imports and exports in India, providing data analytics and trade intelligence for policy formulation and industry guidance.
• Green Steel Certification Certification service managed by NISST (National Institute of Secondary Steel Technology) for green steel production, with certificates issued to 76 industries covering 10.98 million tonnes of production capacity.
• AI-Driven Digital Roadmap for Indian Steel Sector Digital transformation roadmap targeting steel capacity of 200-300 million tonnes by 2030-31, integrating AI, IoT, and automation technologies including drone-based mineral exploration, remote sensing, fleet management, simulators, and AI-based prediction models.

Quantifiable outcome

• India became world's second-largest steel producer since 2018, maintaining position through FY26 with 168.4 MT production
• +4 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability7 records

Feature4 records

Partnerships

13 partnerships are on record, tiered core and minor.

• Department for Promotion of Industry and Internal Trade (DPIIT)coreOthers · 3 June 2026Joint stakeholder consultation convened by DPIIT under Ministry of Commerce & Industry, in coordination with Ministry of Steel, addressing challenges in stainless steel and specialty steel segments. Co-chaired by Union Commerce Minister Piyush Goyal and Steel Minister H.D. Kumaraswamy.
• European UnioncoreStrategic or Co-development Partner · 1 May 2026India-EU Partnership in steel sector focusing on decarbonization, green steel standards alignment, and addressing Carbon Border Adjustment Mechanism (CBAM) compliance for Indian steel exporters.
• Russia (Ministry of Industry and Trade)coreStrategic or Co-development Partner · 16 April 2026India-Russia Round Table held at Ministry of Steel in New Delhi, co-chaired by India's Steel Secretary and Russia's Deputy Minister of Industry and Trade. Discussions focused on raw material sourcing, technological collaboration, equipment manufacturing, research opportunities, and technology transfer. Both sides committed to sustained institutional dialogue at working group and expert levels to deepen cooperation across the steel value chain.
• ArgentinaminorStrategic or Co-development Partner · 10 March 2026Argentina, through Ambassador Mariano Caucino, sought mining cooperation with India's Ministry of Steel ahead of Bharat Steel 2026. Ambassador presented prospective areas for bilateral synergy in mining to support India's raw material security objectives, including technical collaboration and mineral exploration information sharing.
• BrazilcoreStrategic or Co-development Partner · 21 February 2026India and Brazil signed a memorandum of understanding (MoU) to cooperate in steel and mining sectors, focusing on enhancing raw material sourcing, technology, and sustainability in their steel supply chains. The agreement aims to attract investment, improve exploration and processing technologies, and strengthen resilience of their steel industries.
• Synergy Advanced Metals LimitedcoreStrategic or Co-development Partner · 19 February 2026Synergy Advanced Metals Limited, a stainless steel long products manufacturer headquartered in New Delhi with operations in Alwar, Rajasthan, signed four MoUs with Ministry of Steel to participate in PLI Scheme 1.2 for specialty steel. Company reported 190,000 TPA production capacity as of September 2025.
• Jindal Stainless Ltd.coreStrategic or Co-development Partner · 11 February 2026Jindal Stainless signed MoU with Ministry of Steel under PLI 1.2 scheme at Vigyan Bhawan, New Delhi. The company will undertake capacity augmentation and add new capacity for value-added products including specialized alloys and forged products, targeting infrastructure, clean energy, railways, and automobile sectors.
• Sambhav Steel TubesminorStrategic or Co-development Partner · 9 February 2026Sambhav Steel Tubes signed MoU with Ministry of Steel for participation in PLI scheme valued at Rs 361.75 crores, aimed at boosting domestic manufacturing in the steel sector.
• Steel Authority of India Ltd. (SAIL)coreOthersSAIL is a major PSU under the Ministry of Steel, operating steel plants including Bhilai (expanding to 10.2 MTPA). The Ministry provides policy direction, monitors performance through MoU framework, and coordinates on expansion projects and raw material security.
• Rashtriya Ispat Nigam Ltd. (RINL)coreOthersRINL (Vizag Steel) is a state-run PSU under the Ministry facing operational challenges including 20% input cost rise due to met coke shortages. The Ministry coordinates policy interventions including requests to Finance Ministry for anti-dumping duty withdrawal.
• NMDC Ltd.coreOthersNMDC is a Ministry-owned mining company achieving record iron ore production of 53.15 MT in FY26. It is targeting over 100 MT iron ore production capacity by 2030 through new mining projects including operations in Jharkhand, Chhattisgarh, and an international office in Dubai.
• MECON LimitedcoreOthersMECON serves as the Programme Management Agency for PLI Scheme 1.2, conducting approval reviews for participating companies. The engineering and consultancy PSU supports steel sector projects across India.
• ArcelorMittal Nippon Steel (AMNS)coreStrategic or Co-development PartnerAMNS is developing a 17 MTPA steel plant at Anakapalle, Andhra Pradesh (Phase 1: 8.2 MTPA). The Ministry approved the slurry pipeline from Chhattisgarh following environmental clearance. Company highlighted India's dependence on imports for ~85% of coking coal requirements.

Scale indicators12 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• South Korea Ministry of Trade, Industry and Energy (MOTIE): MOTIE is South Korea's central authority for industrial and trade policy, including oversight of the steel sector (POSCO, Hyundai Steel). It directly parallels India's Ministry of Steel in coordinating industrial capacity, export policy, green steel transition, and technology adoption across a major steel-producing economy.
• China Ministry of Industry and Information Technology (MIIT): China's MIIT is the federal authority responsible for industrial policy across manufacturing sectors including steel — the world's largest producing nation. It is the most direct international counterpart to India's Ministry of Steel, wielding analogous policy levers including capacity management, anti-dumping enforcement, and industrial transformation initiatives for the steel sector.
• Germany Federal Ministry for Economic Affairs and Climate Action (BMWK): BMWK handles German industrial policy including the steel sector (thyssenkrupp, Salzgitter, ArcelorMittal operations), with particular focus on green hydrogen-based steel transition and CBAM policy leadership. It is a direct peer in coordinating decarbonization mandates, industrial policy, and international trade frameworks affecting steel.
• India Ministry of Commerce and Industry (DPIIT): DPIIT handles trade policy, FDI, and industrial policy coordination in India. It is a domestic peer co-chairing joint stakeholder consultations with the Ministry of Steel on stainless steel and specialty steel segments, with overlapping jurisdiction on anti-dumping duties, quality control, and trade agreements affecting steel.
• India Ministry of Heavy Industries: India's Ministry of Heavy Industries oversees capital goods, engineering, and heavy manufacturing including automotive and white goods sectors that consume steel. It is a domestic peer coordinating on industrial policy, PLI schemes (automotive, white goods), and downstream demand drivers for the steel sector.
• Japan Ministry of Economy, Trade and Industry (METI): METI oversees Japan's industrial policy including steel — historically one of the world's largest producers. It is a direct peer with comparable functions around trade policy, technology promotion, decarbonization mandates, and managing steel sector transition in an advanced economy context.
• India Ministry of Mines: India's Ministry of Mines oversees iron ore and other mineral resource policy critical to steelmaking, including oversight of NMDC. It is a domestic peer with overlapping jurisdiction on raw material security, mining regulation, and exploration policy that directly affects the steel sector's cost structure.

Others

• World Steel Association (worldsteel): Worldsteel is the international industry association for the steel sector, coordinating on sustainability standards, statistics, and policy advocacy. It is thematically related as the ecosystem body the Ministry engages with on global standards alignment, decarbonization initiatives, and trade policy coordination.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/SteelMinIndia
• Facebookfacebook.com/SteelMinIndia
• LinkedInlinkedin.com/company/ministry-of-steel
• Instagraminstagram.com/steelminindia/?hl=en

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries15 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Ministry of Steel