Building India's steel capacity

Make in India starts with making steel in India

Rajesh V Shah 

Rajesh V Shah The Government of India recently circulated a New Draft Steel Policy 2017 for public discussion which is an outline for attaining a most challenging target capacity by 2030 of 300 million tonnes (mt) of crude steel capacity, the anticipated demand then. To put this in context, India today produces only around a 100 million tonnes annually while China alone produces around 750/800 mt a year, an astounding 50 per cent of the global output. To achieve the stated goal, India will have to add manufacturing capacity every year at a rate never remotely achieved by it.  India’s ...

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Building India's steel capacity

Make in India starts with making steel in India

Make in India starts with making steel in India The Government of India recently circulated a New Draft Steel Policy 2017 for public discussion which is an outline for attaining a most challenging target capacity by 2030 of 300 million tonnes (mt) of crude steel capacity, the anticipated demand then. To put this in context, India today produces only around a 100 million tonnes annually while China alone produces around 750/800 mt a year, an astounding 50 per cent of the global output. To achieve the stated goal, India will have to add manufacturing capacity every year at a rate never remotely achieved by it.  India’s ... image
Business Standard
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