India’s Ministry of Steel, highlighting that a vibrant domestic steel industry is essential for a developing economy as it is a critical input across major sectors such as construction, infrastructure, automotive, capital goods, defence, railways, etc, has summarized trends & initiatives in 2021The production performance of Steel sector during the first eight months of the current fiscal has been quite encouraging with cumulative production of crude steel at 76.44 million tonnes and finished steel at 72.07 million tonnes during April-November, 2021 being higher than that in the similar period during the previous three years. This improved performance was achieved despite the adverse effect of second wave of COVID-19 and concomitant localized lockdowns. Export during April-November 2021 was 9.53 million tonne against import of 3.06 MT vis-à-vis export of 10.78 million tonne and import of 4.75 million tonne & export of 8.36 million tonne and import of 6.77 million tonne in April-November 2020Key Initiatives (I) Ministry of Steel had notified the Policy for Providing Preference to Domestically Manufactured Iron and Steel Products (DMI and SP Policy) on 8th May, 2017 to provide preference to domestically produced iron and steel material in Government procurement. The Policy was subsequently revised on 29th May, 2019 and on 31st December, 2020. The policy envisages growth and development of domestic steel industry. (II) Production Linked Incentive for domestic production of specialty steel with an outlay of INR 6322 crore has been approved and detailed guidelines have been notified on 20th October, 2021.This will result in capacity addition of 25 million , tonne additional investments of about INR 40000 crore and employment generation of 525,000 (IIII) A MoU has been signed between Ministry of Steel and the Russian Federation on 14th October, 2021 for cooperation in the field of coking coal, used for steel making. (IV) The cumulative CAPEX by steel CPSEs for April-November of the current fiscal at INR 5781.1 crore is 75.7% higher than CAPEX during CPLY. The CAPEX for April-November, 2021 was 43.5% of the target. (V) Ministry of Steel has been proactively taking up issues related to National Infrastructure Pipeline projects of steel companies with concerned Central & State Government, Ministries & Department through Inter-Ministerial Steering Committee meetings and 03 meetings of IMSC were held during 2021 helping resolve issues. (VI) Procurement of goods and services through GeM by Steel CPSEs has increased significantly over the year with the value of orders during April-November, 2021 being 4943.14% higher over CPLY(VII) The status of pending payments to MSMEs by CPSEs of the Steel Ministry is being monitored on weekly basis to ensure that the same is credited timely and well within the 45 days’ time limit for such payments with 97.4% of the payment during April-November of the current fiscal being made within 30 days. (VIII) To promote steel usages in various sectors, Ministry of Steel has been jointly organizing workshops & Webinars to spread the awareness for benefits of enhanced steel usage in various sectors. Ministry of Steel has also formed a Committee of experts from INSDAG, IITs, Ministry of Road Transport and Highways and industry experts for development of designs for long span (30m, 35m, and 40m) steel based Bridges. The design for 30 m is being vetted by the experts for finalization. (IX) The Committee formed jointly with Ministry of Petroleum and Natural Gas to prepare a roadmap for promoting domestically produced steel in Oil and Gas Sector has submitted the final report in August 2021.(X) A Joint Working Group, having members from Ministry of Housing and Urban Affairs (HUA), Ministry of Skill Development, Ministry of Steel, BIS, CPWD, Technical Institutions (and from Industry, has also been setup for fostering steel usage in Housing and Construction sector to develop standardized design and layouts of housing configurations with Steel structure.