- Tag results for steel production
India’s steel sector consolidation will drive improvement in the industry’s capacity utilisation levels and mute the pressure on profitability, Moody's said.
The NSP also aims at more than doubling the per capita steel consumption to 158 kg by 2030-31, from 70 kg at present.
Indian steel production is expected to be around 103 million tonnes in the fiscal year to March, and rise by 10 percent in the 2018/19 fiscal year, said Steel Secretary Aruna Sharma.
Besides, protectionist measures imposing a definitive Countervailing Duty (CVD) on certain stainless steel products from China have helped the industry.
The government today announced the proposal to set up scrap-based steel plants in the northern and western part of the country.