India: Steel ministry stresses on industry's AI usage

Union Minister of Steel and Civil Aviation, Jyotiraditya M. Scindia, urged stakeholders in the steel sector to enhance the application of artificial intelligence (AI) in their respective steel plants. While addressing the Ministry of Steel-organised Chintan Shivir today, the ministry must also endeavour to create a continuous learning ministry, thereby improving the comprehension of the wider environment for improved contribution towards our developmental goals.

He said the whole concept of steel making will undergo transformation and the practices will need to be continuously updated. As the world looks at "data-driven decision making," the Indian steel industry needs to be at the forefront in implementing artificial intelligence technology and their applications. He emphasized on safeguarding the earth by embracing the concept of green steel and latest technologies.

Minister of State for Steel and Rural Development, Faggan Singh Kulaste, said that discussions and exchange of ideas on the Carbon Border Adjustment Mechanism (CBAM) and AI have improved our understanding of the subjects, thereby helping us in improving our understanding on various issues impacting the steel sector.

Steel Secretary Nagendra Nath Sinha stressed, as the concept of CBAM is fast evolving and emerging, it is important to understand its impact across the value chain of operations for the sector which will be severely impacted. "The steel sector needs to capitalise on the present challenge of CBAM to ensure rejuvenation of demand so that the Indian export economy is further strengthened," he said.

He further said AI need to be applied in exploring, identifying, and developing new mines.