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This article needs to be updated. The reason given is: it says the Council expired in 2012. Please help update this article to reflect recent events or newly available information. (February 2024)
The Minister for Chemicals & Fertilizers and Steel, Shri Ram Vilas Paswan at the 22nd National Steel Consumers Council Meeting in New Delhi on 4 October 2008. The Minister of State for Steel, Shri Jitin Prasada is also seen in the picture
The Steel Consumers Council is a group under the Ministry of Steel, chaired by the Cabinet in charge of the department. India is the world's third-largest producer of crude steel, and the council works with steel producers to ensure both the supply and demand of the steel industry. It also advises the Ministry of Steel and assists the Government of India on matters and policies concerning the Indian steel industry. In 2004, alarmed by the recent rise in steel prices, the Union Steel Ministry had proposed setting up of an independent regulator to monitor and fix the prices of steel. It had also supported a demand to abolish the present 5 per cent import duty on scrap this was announced by Ram Vilas Paswan Minister in charge of Ministry of Steel at the 18th national Steel consumers council in 2004.
The council was founded in 1986. Its members are nominated by the Minister of Steel & Mines. The tenure of the council was initially fixed for two years, and it was re-constituted on 25 February 2010. The term of the present Council is up to 29 February 2012.
The largest steel producer in India is Steel Authority of India, a public sector company run by Government of India with an annual turnover of ₹50627 crore (US$7.6 billion) (FY 2014–15).
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