Government announces updated Steel Import Monitoring System 2.0 Portal

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Government announces updated Steel Import Monitoring System 2.0 Portal

Announcement 26 Jul 2024 11:16 AM IST PIB

Union Minister of Steel and Heavy Industries H.D. Kumaraswamy has unveiled the SIMS 2.0 portal, an improved Steel Import Monitoring System that provides stakeholders with actionable intelligence for effective decision-making and strategic planning.

SIMS, established in 2019, has been essential in delivering specific steel import statistics to the domestic sector. The Ministry has redesigned the portal in response to input from the industry to create a more efficient SIMS 2.0, which is a major advancement in tracking steel imports and encouraging the expansion of the home steel sector. The availability of such comprehensive data indicates opportunities for production and expansion for the domestic steel industry and provides input for policymaking.

SIMS 2.0 includes an API interface with several government sites, improving quality control and streamlining operations for greater efficiency and effectiveness. The integration of numerous databases allows stakeholders to identify areas of risk and, as a result, improve risk management. For example, if an import consignment discloses a particular source of import that BIS does not permit, the Ministry can refuse its import. The extensive data will allow Customs to conduct a more thorough analysis of and risk management for steel imports. The DGFT, BIS, and MSTC Ltd., a CPSE under the Ministry of Steel, have all contributed to the development of SIMS 2.0.

The minister emphasised that the launch of SIMS 2.0 is a key achievement, highlighting its inclusion in the government’s 100-day agenda. He noted that this milestone represents a crucial step forward in the nation’s endeavour to bolster the domestic steel industry and achieve self-sufficiency in steel production, aligning with the vision of Atmanirbhar Bharat. Nagendra Nath Sinha, Secretary, Ministry of Steel, pointed out that while India is the second-largest steel producer globally, the country’s finished steel imports remained significant at around eight million tonnes in 2023-24, underscoring the need for enhanced domestic production capabilities.

Accurate monitoring of steel imports is vital to maintaining a healthy trade balance, driving growth, and attracting sustained investment in India’s steel industry. He expressed confidence that the upgraded SIMS 2.0 would play a significant role in achieving these objectives. H.D. Kumaraswamy also released the second volume of the book “Safety Guidelines for Iron of Steel Sector” containing the guidelines for 16 different processes used by the iron and steel sector. It extends the work of the Steel Ministry to publish 25 safety guidelines in 2020 that cover specific risks.

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Government announces updated Steel Import Monitoring System 2.0 Portal

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