Speaking at the National Conference on Secondary Steel Producers, Minister for steel Birender Singh said, "We intend to adopt the 'Melt & Manufacture' Model of USA for increasing steel production capacity. Worldwide, mini-mills are becoming popular and we want to establish such plants and mills in India. This is cost-effective, environment-friendly and energy efficient."
Outlining the strategic roadmap for steel industry, he said the acronym PRIDE is our guiding motto, where P is for production and productivity, R is for Research & Development, I is for Indian-made Steel, D is for demand increase and E is for Excellence in Quality of steel.
He pointed out that these thrust areas are as important for secondary steel producers, as these are for integrated steel producers. Steel plants in secondary sector have many advantages like less land requirement, lower capital investment, better energy efficiency, proximity to users and less dependence on logistics.