India’s crude steel production is expected to soar by 38% to 140 million tonnes (MT) by the end of this year. As per information provided by, Steel Minister Chaudhary Birender Singh, the country produced 101.4 MT steel in 2017. The minister has earlier asked the industry to make full use of the resources available in the country to increase steel output.
The government has set a production target of 300 MT by 2030-31, under the National Steel Policy (NSP). The policy also aims at more than doubling the per capita steel consumption from 70 kg at present to 158 kg by 2030-31.
Recently, India outstripped Asian industrial giant Japan to become the second largest steel producer in February as its crude steel output grew by 3.43% to 8.434 MT in the month against 8.296 MT of the latter.