|SAIL chairman Verma|
GIVING a boost to steel producers in the country, major domestic steel producers came together to formally launch an industry body, the Indian Steel Association (ISA), on August 26. The association targets to work towards transforming the Indian steel industry as a global leader acclaimed...for its quality, productivity and competitiveness.
The meeting held in Kolkata was attended by industry leaders from SAIL, Tata Steel, JSW, RINL, JSPL, Essar. G Mohan Kumar, Secretary, Ministry of Steel, also attended the meeting.
CS Verma, chairman, SAIL, was unanimously elected as the first president of the Indian Steel Association.
Membership for the ISA will be open to any steel producer with a yearly capacity of at least 2 million tonne. Steel producers with capacity less than 2 million tonnes can be affiliate members.
The ISA received a shot in the arm soon after its creation through recognition from World Steel Association during the meeting. A certificate to this effect was presented on behalf of Chairman and Board of Directors of World Steel Association. Dr. Edwin Basson, Director General, World Steel Association, was present during the meeting and he outlined the role and responsibilities of such an association in a competitive scenario.
In the meeting, Secretary Steel, G Mohan Kumar stressed that the members of the association were expected to work with cohesion, collaboration and coordination to deal with the common issues of concern of the Indian steel industry.Verma also said that he looked forward to work along with the other members so that the Indian steel industry plays a catalyst role in the economic growth of the country.