A new vision of steel for development
The Government of India recently announced a highly ambitious vision for India's steel industry and future demand and circulated a New Draft Steel Policy 2017 for public discussion. This document is an outline for attaining a most challenging target capacity of 300 million tonnes of crude steel capacity by 2030, which is anticipated to be the demand for steel then. To put this figure in context, India is producing only around 100 million tonnes today while China alone produces around [...]