Steel production projected to cross 300 MT by 2030 amid infra push: Centre
Driven by robust demand for government infrastructure projects, the country’s domestic steel production is projected to cross 300 million tonnes (MT) by 2030
Driven by robust demand for government infrastructure projects, the country’s domestic steel production is projected to cross 300 million tonnes (MT) by 2030
The government's Rs. 2.87-lakh crore allocation to the Jal Jeevan Mission (Urban) scheme and the addition of 100 more districts to the city gas distribution network would also provide a fillip to steel pipe sales, ICRA said.
In its steel monitor report, the agency cited that India's domestic consumption in November 2020 was at 8.93 MT, 7.8 per cent higher on MoM level.
World Steel Association had earlier said that in India, steel demand is expected to accelerate gradually, mainly driven by public investment.
