New Delhi: Steel Minister Jyotiraditya Scindia on Monday stated that removal of export duties on steel and stainless steel by government will herald a new era for the nation's steel sector. He said it will allow the steel sector to firmly establish its position in the global market. 

Delivering the keynote address at the third conclave of the Indian Steel Association, Mr. Scindia said that the steel sector will not only restore its international footprint but will also reach newer heights in a relatively short period of time in the domestic market. 


Minister stated that Prime Minister has put forth the mandate to enhance capital infrastructure by nearly 17 lakh crore rupees per year. He further stated that the steel sector has not just emerged from a difficult time during the peak of COVID, but has also emerged stronger, more resilient, global, focused, and committed. He added that the sector has witnessed a huge transformation during the past eight years, and has emerged globally from being a fourth largest producer to the second largest producer and the second largest consumer of steel.

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