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OEM Update

India to be 2nd Largest Steel Producer by 2013 [Sep 2011]

September 26, 2011 9:12 am

Addressing the 5th India steel Summit in New Delhi recently, the minister for Steel, Beni Prasad Verma said, “With an installed annual production capacity of 120 million tonnes up from the present 80 million tonnes, India will become the world’s second largest producer of steel by 2013”. He said that currently, India has the fourth largest steel sector in the world, both in terms of capacity and production. “Further the capacity is expected to be over 150 million tonnes by 2020”, he adds.
On the occasion, the Steel Secretary, P K Misra said, “By the end of the current financial year, the steel manufacturing capacity of the country might reach around 90 MT. This is likely to cross 110 MT by next financial year when the brownfield capacity addition projects of SAIL and other private sector projects get commissioned.”
The secretary also called upon the steel industry to come forward for expansion in Research & Development and infrastructure development especially of port and railways. Mr. Misra said that the industry and the technologists to seriously consider and prioritize innovation, research design and manufacturing activities in the steel technology area.

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