Coking Coal Availability for Indian Steel Industry - Issues and Challenges

摘要

India has become the third largest steel producer in the world with a production of 91 MT and a capacity of 125 MT in FY 2015-16. The low per capita steel consumption of being low at 61 kg in India compared to world average of 208 kg, there is significant potential for growth. As per the National Steel Policy, 2017, the crude Steel demand will grow threeforld in next 15 years to reach a demand of 255 MT by 2030-31. It is anticipated that a crude steel capacity of 300 MTPA will be required by 2030-31, based on the demand projections. Even with this demand of crude steel by 2030-31, India's per capita finished steel consumption would reach only to 158 kg. However, achieving crude Steel capacity up to 300 MT will require extensive mobilization of natural resources, finances, manpower and infrastructure including land.