NISST aims to be a single source for all the requirements of the secondary steel sector by various means like providing trained manpower to the secondary steel sector by way of both long term and short term courses, extend consultancy service to the industry, provide research & development and to undertake such projects for the industry, to provide technology outputs, act as a depository of all relevant information and knowledge and most importantly to provide an interface among the industry and educational/research institutes in secondary steel technology and re-rolling industry.

The Institute is managed by a Board of Governors consisting of members from Industry, Educational Institutions, Industrial Associations & Ministry of Steel under the Chairmanship of Development Commissioner for Iron & Steel. The Director  looks after day to day activities of the Institute. Besides, there is an Advisory Committee consisting of eminent personalities from the Industry, Government, Associations and Educational Institutions to assist the Director pertaining to the activities and growth of the Institute.