Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
1️⃣ All steel products will come under mandatory QCOs within a year to improve quality.
2️⃣ The move will curb low-grade imports and strengthen domestic steel manufacturing.
3️⃣ The government’s push aligns with India's self-reliance and infrastructure goals.
India’s Steel Ministry is set to enforce Quality Control Orders (QCOs) across all steel and steel products within the next one year, aiming to enhance product quality, curb substandard imports, and boost domestic manufacturing.
The ministry plans to expand QCO coverage to ensure that all steel products meet Bureau of Indian Standards (BIS) certification, making compliance mandatory for manufacturers, importers, and traders. This move aligns with the government’s vision to improve the quality of steel used in infrastructure, automotive, and engineering sectors.
1️⃣ Curbing Substandard Imports: Many low-quality steel imports, particularly from China, Vietnam, and South Korea, may struggle to meet the new BIS standards, restricting their entry into the Indian market.
2️⃣ Boost for Domestic Manufacturers: Indian steelmakers like SAIL, Tata Steel, JSW, and JSPL are expected to benefit from reduced competition from non-compliant imports.
3️⃣ Higher Compliance Costs: Small and medium-scale steel producers may face challenges in adapting to stringent certification processes, potentially increasing production costs.
The initiative is part of India’s "Atmanirbhar Bharat" (Self-Reliant India) drive, ensuring that only high-quality steel is used in key sectors like construction, railways, and defense. The Steel Ministry aims to implement the QCO framework by 2026, giving industry players time to comply with new standards.
Also Read : FAME-II e-mobility scheme ends as govt brings new ₹500 cr EV subsidy scheme from Apr 1 Odisha Sets Up Task Force to Build Steel Plant in CM's Keonjhar District