Secondary steel producers to play big role for 300 mn tonne industry

There is ample scope for global players to set up new plants by buying stakes or partnerships with PSUs. This can happen quickly

Aditi Divekar 

Domestic secondary steel producers will have a major role to play as India prepares to build a production capacity of 300 million tonnes by 2030, said Union Steel Minister Chaudhary Birender Singh in an interview with Aditi Divekar. He also discussed about a scrap policy and availability of land for greenfield projects.

Edited excerpts: The target (300 million tonnes) is huge for the current integrated steel players, who are few in number. How do you see the industry as whole, with a not-so-strong global participation? The industry with a capacity of 300 million tonnes will have three ...

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First Published: Wed, January 23 2019. 22:23 IST