Indian Steel Association announces the first International Steel Conclave in India
The USD 100 billion Indian steel industry is estimated to grow at a rapid pace in 2018 and beyond. As demand from key sectors such as construction, capital goods, automobiles and consumer goods grows, it is important that the industry leaders from the public and private sector keep the momentum going. Indian Steel Association together with the support of the Ministry of Steel has announced the launch of the first “International Steel Conclave” in India. The association has also tied up with Messe Frankfurt Trade Fairs India as event partner to host its first edition.Dr. Bhaskar Chatterjee, Secretary General Indian Steel Association said: “We are glad to join hands with Messe Frankfurt and feelthat their expertise and reach across sectors in India will help bring key stakeholders together. With the industry witnessing an uptick in demand for steel and its utilization, we are confident that the critical insights on international steel trade and its challenges will enable the sector to create an environment for improved trade opportunities.” Slated from October 25 – 26, 2018 at Hotel the Lalit, New Delhi, India, the inaugural edition ofthe conference is expected to bring industry leadership together with government and consultants to address integral issues like international steel trade and its challenges, problems faced in extracting, supplying, transporting and pricing of raw materials, future innovations and technology that can be introduced in the industry. The debut edition is expected to be inaugurated at the hands of Hon’ble Union Minister of Steel Shri Birender Singh who shared: “I am glad to know that International Steel Conclave is being organised in October 2018. The Indian steel industry is a brilliant example of power of intent, intervention and initiative. Steel production has increased by 26% in the last 4 years andthe consumption has increased by 22%. Over 86% steel products in the country are covered under quality control orders.” Mr Raj Manek, Managing Director, Messe Frankfurt Trade Fairs India Pvt Ltd said: “The steady growth of the industry and the strong initiatives taken by the government gives us the perfect opportunity to host the International Steel Conclave in India. Looking at the potential that this industry holds, we are proud to combine strengths with Indian Steel Association and are confident that together we can bring industry stakeholders on a common platform.” The two day conclave will be divided into various sessions that will target aspects of steel use inIndia, challenges and opportunities in international steel trade, innovations and technology,future trends and challenges highlighting issues related to raw materials, finance & investments,logistics infrastructure, energy efficiency among other themes. The platform has also attracted support from the global industry body - World Steel Association on taking up the much-needed industry themes that will challenge industry outlook. Talking about the importance of bringing the stakeholders together, Dr Edwin Basson, Director General, World Steel Association shared, “I am delighted to see the inaugural session of the Indian Steel Association’s conclave taking place this year. India is the undoubted global star interms of growth in steel use, something which is reflected in the strongly developing economy in general. It is an exciting context for industry stakeholders to come together in and I don’t doubt that everyone will enjoy a fruitful and interesting dialogue.”
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