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India eyeing 150 million tonne production by 2020 - Steel Secretary

Steel News - Published on Wed, 06 Dec 2017

Image Source: expressbpd.com
CNBC TV 18 reported that India’s Steel Secretary Dr Aruna Sharma, throwing more light on the outlook for the industry going forward, said the country is expected to reach close 150 million tonnes of steel production by 2020 on back of various commitments and expansion plans that are in the offing but both the integrated big steel plants, PSUs and secondary sector.

She is also confident of good steel demand in the country going forward with conscious focus steel-intensive construction as the country needs in fracture that requires less maintenance and requires one-time investments and has longer life. She told “Steel usage from 50 to 60 kg per capita we took 7 years but form 60 to 64.8 kg per capita, it took us only one and half years, which is very encouraging,” she said. The aim is to plateau around 160 kg per capita by 2030.”

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Posted By : Rabi Wangkhem on Wed, 06 Dec 2017
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