IndiaÂ’s Steel Industry Seeks Reforms in Standards, Green Steel Push, and GST Simplification to Strengthen Competitiveness
GST
Dated:- 8-9-2025
PTI
New Delhi [India], September 8: The AIIFA Sustainable Steel Manufacturers Association, representing over 1,800 members nationwide, has called for comprehensive reforms in standards, sustainability practices, and taxation to strengthen the resilience and global competitiveness of IndiaÂ’s steel sector. Contributing nearly 47% of the nationÂ’s steel output, the secondary steel sector plays a pivotal role in driving decentralized industrial growth, employment in semi-urban and rural areas, and supporting IndiaÂ’s target of 300 million tonnes of steel capacity by 2030. Despite its importance
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
tion Centre, Goregaon, Mumbai, will unite the secondary steel sector under the theme “One Industry, One Destination.” With 300+ exhibitors and over 3,500 delegates expected, discussions will focus on decarbonization, hydrogen-based steelmaking, renewable energy integration, raw material security, circular economy models, and global trade challenges such as the EU’s Carbon Border Adjustment Mechanism (CBAM).
Mr. Yogesh Mandhani, President of AIIFA Sustainable Steel Manufacturers Association, emphasized the need to revisit BIS standards, pointing out that India’s diverse geography and climatic conditions make a uniform, “one-size-fits-all” approach inadequate. He called for revisions to critical norms such as IS:1786 with region-specific co
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
r green steel projects, enabling India to emerge as a global hub for sustainable steel production.
Mr. Kamal Aggarwal, Hon. Secretary General of AIIFA Sustainable Steel Manufacturers Association, highlighted another critical concern—GST compliance in scrap transactions. 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.
Concluding, Mr. Mandhani reiterated that IndiaÂ’s steel sector stands at a decisive turning
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =