Steel is not controlled by the government, but the Indian government helps the sector grow by making supportive rules and policies. In a written statement to the Lok Sabha, the Minister of State for Steel and Heavy Industries, Shri Bhupathiraju Srinivasa Varma, shared the steps the government has taken to support the steel industry.

To encourage the use of Indian-made steel, the DMI&SP Policy was introduced. This policy makes it easier for Indian steel to be used in government projects. The government also started a PLI Scheme for Specialty Steel to increase local production, attract investment, and reduce the need to import steel from other countries.

More spending on roads, buildings, and infrastructure in the Union Budget has increased the demand for steel. To lower the cost of raw materials, the government reduced the customs duty (tax) on items like ferro nickel and ferrous scrap.

A new version of the Steel Import Monitoring System (SIMS) helps track steel imports more closely. Quality Control Orders have been issued to stop the sale of low-quality steel, whether made in India or imported, ensuring only good-quality steel is used.

To support recycling and protect the environment, several eco-friendly policies have been launched. The Steel Scrap Recycling Policy (2019) encourages the reuse of scrap metal with help from other ministries. The Vehicle Scrapping Policy gives benefits to people who scrap old and polluting vehicles. It also sets rules for how these vehicles should be dismantled safely.

The End-of-Life Vehicles (ELV) Rules, 2025 say that vehicle companies must take responsibility for scrapping old vehicles and recovering materials from them. The Hazardous Waste Rules (2016) ensure that harmful waste is handled and recycled safely.

Lastly, the Recycling of Ships Act (2019) sets rules for safely breaking down old ships in an environmentally friendly way. This helps promote recycling and sustainability in heavy industries like steel.