ET reported that India’s major domestic steel producers came together to formally launch an industry body, the Indian Steel Association (ISA), on Tuesday

The meeting was attended by industry leaders from SAIL, Tata Steel, JSW, RINL, JSPL, Essar in the presence of Mr. G Mohan Kumar, Secretary, Ministry of Steel.

Mr CS Verma Chairman SAIL was unanimously elected as the first President of the Indian Steel Association and Mr Sajjan Jindal Chairman & Managing Director of JSW, Mr TV Narendran MD of Tata Steel and Mr P Madhusudan CMD of RINL will be apex committee members.

The membership of ISA will be open to any steel producer with a yearly capacity of at least 2 million tonne. Steel producers with capacity less than 2 million tonnes can be affiliate members.

The association aims to work towards transforming the Indian steel industry as a global leader acclaimed for its Quality, Productivity & Competitiveness.

The ISA received a shot in the arm soon after its creation through recognition from World Steel Association during the meeting. A certificate to this effect was presented on behalf of Chairman and Board of Directors of World Steel Association. Dr Edwin Basson, Director General, World Steel Association, was present during the meeting and he outlined the role and responsibilities of such an association in a competitive scenario.

In the meeting. Secretary Steel, G Mohan Kumar, in his address to the association, stressed that the members of the association were expected to work with cohesion, collaboration and coordination to deal with the common issues of concern of the Indian steel industry.