STEEL SECTOR

Steel Import Monitoring System (SIMS):

• Steel Import Monitoring System (SIMS) will be effective from 1st November, 2019.
  
  
• The system has been developed in consultation with Ministry of Steel on the pattern of US Steel Import Monitoring and Analysis (SIMA) system.
  
  
• The SIMS will provide advance information about steel imports to Government and stake holders including, steel industry (producers), steel consumers(importers) to have effective policy interventions.
  
  

SAIL allowed to offload 25% of iron ore production:

• The Ministry of Mines has allowed Steel Authority of India Ltd (SAIL) to offload, in a year, up to a quantity equivalent to maximum of 25 % of total iron ore production in the previous year. It is valid for a period of two years.
  
  
• This is subject to clearance from the respective State governments where the mines are located.
  
  
• This implies that around 7 million tonnes of iron ore, produced at mines in Jharkhand, Odisha and Chhattisgarh, can be offloaded by SAIL to the domestic market after getting the necessary clearances. This will ensure raw material security for Indian steel industry.