Thursday, September 21, 2023

After doubling production in the past 8 years, India’s 2nd largest steel producer in the world: Steel Minister

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from India steel production has reached a historic level of 120 million tonnes per year, making it the second largest steel producer in the world, the government told the Rajya Sabha. Steel minister Jyotiraditya Scindia said India wants to double its steel production to 300 million tons per year by 2030.

“Steel production in the country has doubled in the past eight years, which is historic and that is why today we have become the second largest steel producer in the world,” he told the Rajya Sabha during question time.

The minister said that steel production in the country has risen to a historic level. In 2013-2014 we only had almost 60 million tons of steel production per year, we are now at 120 million tons,” he said.

“In terms of capacity, we only had 75 million tons, we’re at 154 million tons now,” he said.

Responding to additional questions, he said it is very important for India to continue on this trajectory of growing steel production capacity as we have a huge number of infrastructure projects.

“That is why our goal is to double our steel production from 150 to 300 million tonnes by 2030,” he said.

Scindia said the Steel Authority of India (SAIL) will also be part of that.

“The current capacity of SAIL is 19.6 million tons and we are going to expand the capacity of SAIL to 33 million tons by 2030 and the capacity of the Bokara Steel plant is 4.6 million tons which will increase to 8.6 million tons,” he said.

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