India–US Trade Tensions Rise Over Steel and Auto Tariffs NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
India is stepping up efforts to embed artificial intelligence (AI) and digital technologies across the steel value chain, with Union steel minister H.D. Kumaraswamy urging companies to treat innovation as central to future competitiveness. Speaking at a steel conference in Bhubaneswar, he said AI, machine learning and advanced analytics can help mills optimise production, reduce costs, cut emissions and improve safety, ultimately supporting India’s long-term capacity targets.
Kumaraswamy stressed that the sector must not rely on traditional practices alone and called for deeper collaboration between industry, academia and start-ups to accelerate technology adoption. He highlighted opportunities in predictive maintenance, quality control, supply-chain visibility and energy management, noting that digitally enabled plants are better positioned to face global competition and cyclical demand swings.
Minister of state Bhupathi Raju Srinivasa Varma and steel secretary Sandeep Poundrik underlined the importance of research and development, indigenous technology development and private-sector participation in building modern, efficient steel capacity. Day-one sessions at the conference focused on technology-driven innovation, operational excellence, mining modernisation and infrastructure readiness for a 300 MTPA steel economy.
Officials reiterated that AI and digitalisation will be key levers in achieving higher productivity and lower carbon intensity, while positioning India as a reliable, competitive steel supplier in the global market.
Also Read : India Regains Net Steel Exporter Status as Imports Drop 40% India to Suspend QCOs on 55 Steel Grades to Ease Supply
✅ Govt imposes import curbs to boost domestic steel production.✅ Higher tariffs & qu...
Business 24-Mar-2025
Andhra Pradesh Launches Pilot Road Repairs Using Steel Slag In a move toward eco-friendly infrastru...
India 05-Aug-2025
Tata Steel to Commission UK Electric Arc Furnace by 2027 Tata Steel has announced plans to commissi...
Large Corporate 09-Jun-2025
Woodside Energy has inked an agreement with South Korean state-owned natural gas firm Korea Gas...
Asia 28-Feb-2024
Public sector initiatives (PSUs)are preparing a coordinated plan to protect vital mining assets abro...
Mid Corporate 16-May-2024
Indian automaker Tata Motors has revealed plans to increase prices across its range, including elect...
Large Corporate 22-Jan-2024