Union Steel Minister launches NICSI developed Dashboard 2.0 of the Ministry of Steel

by Psu Connect
Date: 20-09-21

The Dashboard will help to monitor and analyse the performance of steel Companies on real time basisfor different KPIs of the Steel sector.

Union Steel Minister launches NICSI developed Dashboard 2.0 of the Ministry of Steel

New Delhi: The Union Steel Minister, Shri Ram Chandra Prasad Singh launched the Dashboard 2.0 of the Ministry of Steel here today developed by the NICSI. The Dashboard is an interactive and dynamic online platform that captures the performance on various parameters related to the steel sector such as steel capacity utilisation, production, and consumption, prices, raw material production, trade, stocks, and rail production, etc. The Dashboard will help to monitor and analyse the performance of steel Companies on real time basisfor different KPIs of the Steel sector.

The salient feature of the Analytical Dashboard are:-

Steel Production: Sector-wise (Public and Private) and Route wise production of Crude steel, Finished Steel, Pig Iron, and Sponge Iron
Capacity Utilization: Monthly Trends ofCapacity Utilization for Public and Private Sector
Trade: Daily and Monthly analysis of Import, Export and Trade Balance, both top 10 and bottom 10 Importing and Exporting countries
Consumption: Month-wise and Category wise trend of Consumption for Finished and Value Added Steel
Price - Fortnightly Prices of Steel Items at four metro cities
Raw material – Monthly trend of Iron Ore and Manganese Ore, Daily quantity evacuated by NMDC, SAIL and MOIL.
Rail Production – Daily data of Rail production
Stock– Month wise stock of Alloy, Non-Alloy and Stainless Steel
Historical data: Production and Trade for last 10 years
Alerts – Negative Trend of Production, Utilization, etc.

The Dashboard enables the Ministry of Steel to get better insights to assist data-driven decision-making by way of extraction of Trends, Patterns, and useful information. Visualisation of Trends and Patterns assists decision-makers in finding anomalies and forecasting based on patterns. Monthly and yearly comparison of different KPIs is also available.

The portal has been designed by NIC Steel Informatics Division in association with the NICSI-CEDA team. Hosting Infrastructure is provided by NIC on Meghraj Cloud.

The Steel Minister has given valuable suggestions for improving the Dashboard in a time-bound manner. He also emphasised on the regular updation of the Dashboard so that most current information is available for the Ministry.