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Steel-making capacity to go up by 30-mn tonnes in 2 years

KOLKATA: The steel-making capacity to surge by 30-million tonnes in the upcoming two years in India as the steel ministry is currently working on a new National Steel Policy. This policy will eye for robust growth in steel demand and also consumption in the upcoming five years.

Out of the 30-million tonnes, nearly 10 to 15-million tonnes of capacity may be added during the present year itself.

PK Misra, Union Steel Secretary, said, “Some of the planned mega integrated steel plants are also due to start production within the next five to seven years.” In 2010-11, India had manufactured nearly 78-million tonnes of steel from primary and secondary producers.

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