Future

.Steel


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24-25th Sep' 2024 | JW Marriott, Chandigarh, Punjab, India

Indian Steel Economy

In a dynamic economic landscape, the steel industry holds immense significance for India. The Indian steel industry contributes significantly to the country's GDP, accounting for around 2%. As India aims to become a $5 trillion economy, the steel sector will undoubtedly play a pivotal role in achieving this ambitious goal.

The Indian steel industry is an emblem of the nation's economic prowess, which is forging new pathways of growth and development. India is currently the second-largest producer of steel globally after China. With an annual production capacity exceeding 170 million tonnes (mnt) which is expected to rise to around 230-240 mnt by 2030, the steel industry employs millions directly and indirectly and is the backbone of a whole gamut of sectors ranging from construction and infrastructure to automotive and industrial machinery.

The industry has seen rapid expansion fuelled by increasing domestic demand, infrastructure projects, and urbanisation. This growth is bolstered by government initiatives such as 'Make in India' and infrastructure development schemes.

Beyond its economic impact, steel symbolises resilience and progress, building the bridges and skyscrapers that define modern India. However, challenges like global price fluctuations and environmental concerns loom large. As India strives towards sustainable development goals, the steel industry must innovate, embracing cleaner technologies and efficient practices.

About FUTURE.STEEL

We are pleased to announce a series of steel conferences across the four key regions of the country: North, South, East, and West. BigMint's initiative is geared towards bringing all industry stakeholders on a common platform to address the issues affecting them most and also to find ways to develop the yet-untapped potential of the entire value chain. Through in-depth discussions led by industry leaders, FUTURE.STEEL seeks to engage stakeholders in the common pursuit of unlocking the industry's full potential.

About the conference

In the early 20th century, India's steel industry was still a toddler when Mandi Gobindgarh's industrious residents adopted a steely resolve to develop this township into a booming iron-making hub. Today, Mandi-Gobindgarh and Ludhiana are the two principal steel-producing cities in Punjab.It is now known as the “Steel City” or Loha Mandi (in local parlance) of Punjab.

This event will cast a spotlight on Punjab's strategic role in shaping the industry's future, offering a deep dive into the latest trends, policies, and market dynamics that are steering steel production. It will seek to address the challenges posed by GST regulations and their impact on business sustainability, particularly in the context of the finished long steel market which faces raw material scarcity in the northern region of the country.

Punjab offers a competitive edge, thanks to the State Government's conducive policies and strategic benefits that are attracting steel plant investments. Don't miss the chance to engage with experts to master strategies for optimising the scrap-to-Direct Reduced Iron (DRI) ratio and learn to navigate the complexities of scrap imports in the face of domestic supply constraints. Participate in insightful discussions on price discovery in Mandi and how they compare with international and domestic steel benchmarks.

India State Wise Crude Steel Production FY'24


Total crude steel production for India stands at 144 million tonnes.
Odisha emerged as the major crude steel producer in FY’24, contributing 26 million tonnes, followed by Jharkhand with 20 million tonnes and Chhattisgarh with 18 million tonnes.

Additional Info Image
India's Northern Region Raw Material Requirement in FY' 24


Scrap is the major feedstock in the steel industry of the northern region with an 85% share.

Scrap is sourced either domestically or through imports via the Gujarat-based port of Kandla.

The respective shares of DRI & pig iron in crude steel production in the northern region are 18.54% and 6.47%.

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India Region-wise Ferrous Scrap Imports


In the northern region, the majority of steel mills utilise various grades of domestic scrap including HMS (80:20), light melting scrap, end-cutting scrap, CR busheling, turning boring, and cast iron scrap, while imported shredded scrap and HMS (80:20) are used by mills.

North Indian mills consumed approximately 4.33 mnt of imported scrap in FY'24 underscoring the critical role that imported scrap plays in the region’s steel production.

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India's Crude Steel Capacity, Production & Route Share

India aimed to achieve a steel capacity of 300 million tonnes by 2030-31 according to the National Steel Policy 2017. While the industry was making progress, the COVID-19 pandemic has set back the target by 2-3 years. As a result, the capacity of crude steel is expected to reach 242 million tonnes by 2030.

Bigmint predicts that steel production will reach 210 million tonnes by 2030, assuming a 7-8% compound annual growth rate (CAGR).

Bigmint also projects that by 2030, the Basic Oxygen Furnace (BOF) steelmaking route will increase to contribute 55%, while the sum of Electric Arc Furnace (EAF) & induction route will remain at 45%.

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Schedule

Our event schedules are listed below

Registrations
08:00 IST

Registration

Registration


Common Ballroom
10:30-12:00 IST

Session 01 | Inaugural Insights: India's Steel Industry Expansion and Changing Trade Dynamics

This curtain-raiser will provide an overview of India's current steel capacity and expansion plans in crude steel, pellets, and DRI, focusing on trade dynamics. It will highlight Northern India, particularly Punjab, in terms of steel industry growth and changing raw material needs.

Esteemed Speakers:

  • Guest of Honour - Dr. Aruna Sharma, Former Secretary, Steel, Ministry of Steel, Govt. of India
  • Guest of Honour - DPS Kharbanda, IAS CEO, Invest Punjab, Govt. of Punjab, Chandigarh
  • Mr. Vinod Vashisht, President, AISRA
  • Mr. Yogesh Mandhani, President, AIIFA
  • Mr. Sudhir Goyal, Managing Director, Madhav KRG Group

     


Common Ballroom
12:15-13:30 IST

Session 02 | Evolution of Raw Material Requirements by 2030: DRI & Scrap

How are mills in North India currently sourcing raw materials, and how will this change by 2030? What is the outlook on shifting raw material preferences? Will regional markets transition from ferrous scrap to DRI?

Esteemed Speakers:

  • Dr. Aruna Sharma Former Secretary Steel, Ministry of Steel, Govt. of India
  • Ekjot Singh Chawla, Director, Arora Iron & Steel Rolling Mills Pvt. Ltd
  • Mr. Pankaj Khetan, Managing Director, Sponge Sales India (P) Ltd.
  • Mr. Chandra Shekhar Choudhary, Director Indicaa, Group Ltd
  • Mr. Vivek Prasad, Head Partnerships & Supply Chain, Steel Recycling Business, Tata Steel Ltd
  • Ms. Christi S Mathai, Business Analyst, Quesrow Consulting


Refreshment
13:30-14:30 IST

Refreshment

Networking Lunch


Common Ballroom
14:30-15:45 IST

Session 03 | Why Invest in Punjab? Long-Term Demand Prospects in the Steel Sector (Longs & Flats)

  • What are the emerging investment opportunities in Punjab, and how can they drive long-term growth in the metals industry?
  • How are new energy and transportation applications influencing demand for flat steel?
  • How can India boost steel intensity in construction and infrastructure?

Esteemed Speakers:

  • Mr. DPS Kharbanda, IAS CEO, Invest Punjab, Govt. of Punjab., Chandigarh
  • Mr. Ramaswamy Visweswaran, Managing Director, Arjas Modern Steel Pvt. Ltd, Bengaluru
  • Mr. Lokesh Jain, Managing Director, TK Steel Rolling Mills Pvt. Ltd., Ludhiana
  • Mr. Jacob Chacko, Chief General Manager - (Sales - ITD), SAIL
  • Mr. Raminder Pal Singh, Managing Director, Arora Iron & Steel Pvt Ltd, Ludhiana


Refreshment
15:15-16:00 IST

Refreshment

Networking Tea


Common Ballroom
16:00-17:00 IST

Session 04 | Price Indexing: Exploring Global Best Practices and the Indian Scenario

  • What are the global dynamics of commodity pricing, and how are prices and indexing set according to IOSCO standards?
  • To what extent has India adopted these guidelines for transparency and market information?
  • How are domestic prices determined, and is merchant billet trade declining?

Esteemed Speakers:

  • Mr. Preetesh Manvi, Assistant VP, Raw Material Purchase, Vardhaman Special Steel Ltd.
  • Mr. Sudhir Goyal, Managing Director, Madhav KRG Group, Mandi
  • Mr. Giriraj Soni, Partner, Sarda & Pareek LLP
  • Ms Christi S Mathai, Business Analyst, Quesrow Consulting, Raipur


Common Ballroom
17:00-18:00 IST

Session 05 | Master class – Techno-economics of Induction Furnace Melting Practices with Reference to Cost Optimisation

This technical session will be a master class on best melting practices in the IF, focusing on P-DRI's potential for improving eciency and cost optimization. Case studies from mills across the country will highlight best practices in steel melting and cost management

Esteemed Speakers:

  • Mr. Vivek Agrawal COO Godawari Power and Ispat Ltd (GPIL)
  • Mr. T.V. Vignesh Babu Director, Insertec Refractory Solutions India Pvt Ltd.,
  • Mr. Deepak Gaur, Executive Director, Shyam Sel & Power Ltd.


Refreshment
19:00 IST

Refreshment

Cocktail & Networking Gala Dinner


Common Ballroom
10:00-11:15 IST

Session 06 | Product Diversification Options: Special Steel, Alloy Steel, and Other Opportunities

  • How can mills capitalize on growing demand for specialty and alloy steels in traditional and new applications, and adopt product diversification for growth?
  • What are the emerging export opportunities in these steels?

Esteemed Speakers:

  • Mr. KK Garg, Managing Director I President AIIFA Northern Region
  • Mr. Dinesh Garg, Managing Director, Behari Lal Ispat Pvt. Ltd.
  • Dr. Anil Dhawan, President, ASPA (Alloy Steel Producer Associaction)
  • Mr. Rahul Joshi, Partner, Quesrow Consulting


Common Ballroom
11:15-12:15 IST

Session 07 | GST Update: Reverse Charge and TDS on Metal Scrap Transactions

  • What are the key takeaways from the 54th GST Council meeting and their immediate impact on the metal scrap industry?
  • Will the recent amendments address identified challenges?
  • How can a transparent tax system strengthen the domestic scrap ecosystem?

Esteemed Speakers:

  • Ms. Deepika Kochhar, Associate Director, PwC, Delhi
  • Ms. Neha Rekhi, Financial Controller, Tata SRB, India
  • Mr. Jayprakash Sahu, AGM Recycling, Non Ferrous & Stainless Steel, BigMint


Common Ballroom
12:15-13:30 IST

Session 08 | Domestic Scrap Availability, End-of-Life Vehicle Recycling Policy & Review of Global Scrap Sourcing

  • How will recent changes in the vehicle scrappage policy boost EoL vehicle scrapping and scrap availability?
  • What business opportunities are emerging in the ELV sector in North India?
  • Overview of global ferrous scrap, freight markets, and India's future scrap sourcing options.

Esteemed Speakers:

  • Mr. Vipan Garg, Managing Director, National Steel Ltd., New Zealand
  • Mr. K. Senthilnathan, Associate - Vice President, Mjunction Services Limited
  • Mr. R K Rewari, Executive Director, Vardhaman Steel Ltd.
  • Mr. Rohit Agrawal, Project Head - Steel Recycling Business JSW Steel Limited
  • Mr. Anshuman Swain, Analyst, BigMint, Raipur


Refreshment
13:30-14:30 IST

Refreshment

Networking Lunch


Common Ballroom
14:30-15:00 IST

Session 09 | Carbon Emissions Measuring and Reporting - Latest Regulations and Best Practices

  • Mr. Aayush Raj Sinha, Business Development Manager, sentra.world, Bengaluru


Common Ballroom
15:00-16:00 IST

Session 10 | Young Entrepreneurs – Their Industry Insights & Vision for the Future

  • How do next-gen leaders envision the future of the steel industry?
  • What are their growth goals, challenges, and focus—innovation or tradition?
  • How will they reshape the local industrial landscape?

Esteemed Speakers:

  • Mr. Lovlish Garg, Director, Behari Lal Engineering Ltd., Mandi
  • Mr. Kartikey Jain, Director, Ludhiana Steel Rolling Mills Limited, Ludhiana
  • Mr. Dhruv Goel, Managing Director, Ambashakti Industries Limited, Delhi


Esteemed Speakers

Aruna Sharma

Former Secretary Steel
Govt. of India


Speakers

DPS Kharbanda

IAS | CEO, Invest Punjab
Govt. of Punjab

Vinod Vashisht

President
AISRA

Sudhir Goyal

Managing Director
Madhav KRG Group

Yogesh Mandhani

President
AIIFA

Dinesh Garg

Managing Director
Behari Lal Engineering Pvt. Ltd.

KK Garg

President
AIIFA Northern Region

Anil Dhawan

President
ASPA (Alloy Steel Producer Associaction)

Visweswaran Ramaswamy

Commercial Director
Arjas Modern Steel Pvt. Ltd

Vipan Garg

Managing Director
National Steel Ltd., New Zealand

Ekjot Singh Chawla

Director
Arora Iron & Steel Rolling Mills Pvt. Ltd.

Lokesh Jain

Managing Director
TK Steel Rolling Mills Pvt. Ltd.

Pankaj Khetan

Managing Director
Sponge Sales India (P) Ltd.

Sumit Agrawal

Director
BigMint

R K Rewari

Executive Director
Vardhaman Steel Ltd

Preetish Manvi

Asst VP Raw material purchase
Vardhman Special Steel Ltd.

Chandra Shekhar Choudhary

Director
Indicaa Group Ltd

K. Senthilnathan

Associate Vice President
Mjunction Services Limited

Rahul Joshi

Partner
Quesrow Consulting

Rahul Gupta

Chief - Steel Recycling Business
Tata SRB, India

Giriraj Soni

Partner
Sarda & Pareek LLP

Lovlish Garg

Director
Behari Lal Engineering Pvt. Ltd.

Kartikiye Jain

Director
Ludhiana Steel Rolling Mills Limited, Ludhiana

Dhruv Goel

Managing Director
Ambashakti Industries Ltd.

Deepak Gaur

Executive Director
Shyam Sel & Power Ltd.

Anshuman Swain

Analyst
BigMint Raipur

Christi S Mathai

Business Analyst
Quesrow, India

Esteemed Sponsors

PRINCIPAL SPONSORS

 

 

GOLD SPONSORS

 

 

SILVER SPONSOR

 

 

NETWORKING TEA SPONSOR

 

 

What to expect?

Participants Image

Venue

JW Marriott, Chandigarh, Punjab, India Plot no 06, Sector 35 B, Dakshin Marg, Chandigarh, India, 160035

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If you want to attend this conference and participate in the programme, then please hurry and register now!

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Sponsorship & Exhibition Enquiry
Sponsorship & Exhibition Enquiry

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+91 90092 22344
ajeet@bigmint.co

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Delegates Enquiry

Mr. Faizan Raza
+91 95751 00430
faizan@bigmint.co

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For Speakers Enquiry

Yashika Agrawal
+91 99939 03483
yashika@bigmint.co

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