A K Salampuria & Associates

Iron & Steel Manufacturing

Building Stronger Foundations with Compliance, Control, and Growth Solutions

Iron & Steel Manufacturing

The iron and steel industry is a core driver of industrial growth, supporting sectors such as construction, automotive, infrastructure, defense, and energy. As one of India’s most strategic industries, it contributes significantly to exports, employment, and overall GDP growth.

With rising demand from housing, infrastructure, and urban development projects, the industry has seen exponential growth. However, it is also highly cyclical, influenced by global demand, trade policies, raw material pricing, and energy costs. Businesses must therefore constantly adapt their strategies to remain sustainable.

Optimizing input costs and improving production efficiency.
Ensuring compliance with the Companies Act, GST, and income tax laws.
Guidance on pollution norms, energy audits, and safety standards.
Support in raising funds, managing liquidity, and controlling costs.
Assistance with export incentives, documentation, and compliance with trade regulations.
Identifying fraud risks, strengthening systems, and improving reporting accuracy.

Steel manufacturers face challenges such as volatility in iron ore and coal prices, dependency on imports, environmental and sustainability regulations, high energy consumption, and pressure to adopt green steel technology. Additionally, the industry must manage GST compliance, labor law adherence, and international trade obligations.

We provide comprehensive audit, assurance, and advisory services designed for iron and steel businesses. From financial audits and internal controls to project finance, cost efficiency reviews, and environmental compliance, we help companies align their operations with both domestic and international standards.

Applicable Sectors

Relevant Industries for This Service

FAQ

Frequently Asked Questions (FAQs)

Because of its scale and regulatory oversight, non-compliance can result in heavy penalties, business disruptions, and reputational loss.

Yes, we provide advisory and audit services to ensure compliance with pollution control, energy efficiency, and sustainability regulations.

Through cost audits, hedging strategies, and financial planning, we help companies manage volatility in iron ore and coal prices.

Absolutely. We prepare CMA data, DPRs, and financial projections to help manufacturers secure funding from banks and financial institutions.

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