Research & Development in Iron & Steel Sector

摘要

In 2015-16, India produced 90 MT crude steel and attained the position of 3 rd largest steel producer in the world, after China and Japan. However, the Per Capita steel consumption in India is low at around 60 kg as against the world average of around 208 kg. This justifies the need for a rapid increase in capacity and production of steel in the years to come. As per the present projections, it is expected that India will emerge as the 2nd largest steel producer soon. India has accordingly, fixed a target of 300 million tonne production capacity by 2030.