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India to be net exporter of steel in the next 3 years: Dharmendra Pradhan

At present, the country is importing around 2-3 million tonne (mt) of steel from the overseas market

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Shine Jacob New Delhi
India will become a net exporter of steel in the next three years, Union Petroleum and Steel Minister Dharmendra Pradhan said on Monday.

At present, the country is importing around 2-3 million tonne (mt) of steel from the overseas market. “Our overall capacity is around 140 mt and our production is around 100 mt. We want to be a net exporter of steel for a long period of time in the next three years,” Pradhan said, addressing a steel sector event “Chintan Shivir” in Delhi. India is targeting an increase in its capacity to around 300 mt by 2030, of which