Digitally Forging a New Era in Steel Industry

Digitally Forging a New Era in Steel Industry

Digitally Forging a New Era in Steel Industry

Hitachi’s end-to-end industrial electrical and IoT automation systems, products, and solutions delivered through its Process Automation Engineering Group (PAEG) are transforming complete processing lines into specific applications in the steel sector. Robust after-sale support, training, and continuous up-gradation ensures complete industrial digital transformation of the customer. Thus, by helping manufacturers meet the global standard in processes and manufacturing, Hitachi is ‘Powering Good’ by accelerating the government’s ‘Make in India’ and ‘Atmanirbhar Bharat’ initiatives.

Today, India is among the top steel producers in the world with current production capacity in excess of 140 mtpa. By 2030-31 the output is estimated to touch 300 mtpa. Concurrently, juxtaposing with the growing domestic market, the finished steel consumption is estimated to reach 230 mtpa by 2030-31 from 98.77 MT in 2018-19.⁽¹⁾

With the advent of Digital India and government's focus on ushering Industry 4.0, Hitachi Steel Systems is summoning the group's pioneering IIoT enabled solutions to revolutionize Steel Industry in the country and help equip technologically to meet the future demands efficiently.

Hitachi's end-to-end industrial electrical and IoT automation systems, products and solutions delivered through its Process Automation Engineering Group (PAEG) are transforming complete processing lines to specific applications in the steel sector. Robust after sale support, training and continuous upgradation ensures complete industrial digital transformation of the customer. Thus, by helping manufacturers meet global standard in processes and manufacturing, Hitachi is 'Powering Good' by accelerating government's 'Make in India' and 'Atmanirbhar Bharat' initiatives.

The Government of India's strategic initiatives to bring desired impetus to steel industry – ⁽¹⁾

In September 2020, the Ministry of Steel prepared a draft framework policy for development of steel clusters in the country.
Government introduced Steel Scrap Recycling Policy to reduce import.

Government of India's focus on infrastructure and restarting road projects is aiding the demand for steel.
Projected acceleration in rural economy and infrastructure is expected to lead to growth in demand for steel.
The National Steel Policy (NSP) 2017 intends to create a globally competitive steel industry in India.

The Ministry of Steel is facilitating setting up of an industry driven Steel Research and Technology Mission of India (SRTMI)
The Government of India raised import duty on most steel items twice and imposed measures including anti-dumping and safeguard duties on iron and steel items.

The Government of India's strategic initiatives to bring desired impetus to steel industry – ⁽¹⁾

In September 2020, the Ministry of Steel prepared a draft framework policy for development of steel clusters in the country.
Government introduced Steel Scrap Recycling Policy to reduce import.

Government of India's focus on infrastructure and restarting road projects is aiding the demand for steel.
Projected acceleration in rural economy and infrastructure is expected to lead to growth in demand for steel.
The National Steel Policy (NSP) 2017 intends to create a globally competitive steel industry in India.

The Ministry of Steel is facilitating setting up of an industry driven Steel Research and Technology Mission of India (SRTMI)
The Government of India raised import duty on most steel items twice and imposed measures including anti-dumping and safeguard duties on iron and steel items.