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India's crude steel output to soar by 38% to 140 million tonnes in 2018

According to global steel body Worldsteel, China occupies the top global position as far as steel production is concerned

Press Trust of India  |  New Delhi 

steel

India's crude is expected to soar by 38 per cent to 140 million tonnes (MT) by the end of this year, Steel Minister Chaudhary Birender Singh said.

The country produced 101.4 MT steel in 2017.

Domestic crude steel production is likely to be 140 MT in this year, Singh told PTI.

The minister has earlier asked the industry to make full use of the resources available in the country to increase

India outstripped Asian industrial giant Japan to become the second largest steel producer in February as its crude grew by 3.43 per cent to 8.434 million tonnes (MT) in the month against 8.296 MT of the latter.

According to global steel body Worldsteel, China occupies the top global position as far as steel production is concerned.

Under the National Steel Policy (NSP), the government has set a production target of 300 MT by 2030-31.

The NSP also aims at more than doubling the per capita steel consumption to 158 kg by 2030-31, from 70 kg at present.

First Published: Sun, April 22 2018. 12:46 IST
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