India targets 600 MT steel capacity by 2047
after close1 source ↓written by the desknot a recommendation
- of steelmaking capacity
- 600 million tons
- steelmaking capacity
- 2047
- steel capacity
- 220 million tons
- year-on-year
- 29.5%
India's new steel policy aims for 600 million tons of steelmaking capacity by 2047, as stated by the steel secretary. The plan includes measures to reduce emissions and improve access to key raw materials like iron ore and coking coal. Currently, India's steel capacity is 220 million tons, with imports rising 29.5% year-on-year, primarily from China. 📈
Not investment advice. For informational purposes only.