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New steel policy to target 600 MT capacity, 500 MT consumption: Steel secy
The brief
- New steel policy targets 600 MT capacity and 500 MT consumption
- A ₹5,000 crore scheme for small producers will link incentives to output and lower carbon emissions
- Capacity and producer incentives could benefit Indian steelmakers and metals companies
- Govt plans ₹5,000-cr Viksit Bharat Ispat scheme for small steel producers
- After losing Indian steel empire, the Ruias eye another in the US
- Who are the Ruias, and how did Essar land America's $15 bn steel project?
- 11:11 | Anthropic lays out sweeping AI ambitions; US-Iran talks; Trump announces $15 bn Essar steel plant
- Vedanta Iron, Vedanta Oil and Gas to Vedanta Power: All Vedanta Group stocks in red- Opportunity for bottom fishing?
India's steel capacity and production targets
India plans to set a 600 million tonne steelmaking capacity target by 2047 and a 500 million tonne consumption target in a new national steel policy. The policy will include a ₹5,000 crore scheme for small producers, linking incentives to output and lower carbon emissions.
Tuesday, 29 September
- New steel policy to target 600 MT capacity, 500 MT consumption: Steel secy