India to double steel production by 2030

From: steeltimsint.com
Time: 2017-01-20

India is planning major expansion of its steel production capacity.

Minister of Steel Chaudary Birender Singh claims that a national steel policy has been drafted and that the plan is to produce 300Mt/yr by 2030-31, which means increasing per capita steel consumption in India to 160kg from its present 61kg.

According to an online report from governancenow.com, India’s Ministry of Steel has developed four committees with the sole purpose of formulating codes and standards, life cycle cost analysis and sustainability, ‘development of designs of various utility structures’ and skill development within the steel sector.

Four task forces have been established in collaboration with the Institute for Steel Development & Growth (INSDAG) to increase steel usage in railways, urban development, road transport and highways and shipbuilding, and big Indian steelmakers, like SAIL and Vizag Steel, have initiated promotional campaigns.

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