Page 3 - Domestic Steel Sector
Centre's 300-mt steel plan a $25-bn window for equipment makers: Govt
]New Delhi, 18 OctoberThe Union government's plan for 300 million tonnes of steel making capacity by 2030-31 in the country is an opportunity for foreign plant and equipment suppliers, noted the government.An estimated Rs 25 billion in such equipment would be needed. There would be the associated need for spares, for which there is an estimate of $500 million annually in import.Union steel minister Birender Singh noted the domestic sector was growing at 6.7 per cent annually.India's annual per capital consumption of steel is 61 kg; the world average is 208 kg. According to the National Steel Policy, issue last year, the Indian figure would rise to 160 kg by 2030-31. It envisaged Rs 10 trillion in investment for the planned 300 mt capacity by 2030-31,The minister said effort would be made to ensure India becomes a global manufacturing hub. The government will provide fiscal and non-fiscal incentives for domestic manufacturers.Incidentally, to also reduce the dependence of steel makers .
 "Centre's 300-mt steel plan a $25-bn window for equipment makers: Govt")
Trade war: Supply cuts in China mean good news for India's steel-makers
Supply cuts in China mean better prospects for domestic steel players; macro issues to weigh on non-ferrous players
 "Trade war: Supply cuts in China mean good news for India's steel-makers")
Steel production rises 5.3%, consumption up 5.4% in FY18 till Jan: Govt
During the ten months period of 2017-18, India's finished steel export was up by 40.2 per cent to 8.222 mt over same period of 2016-17
 "Steel production rises 5.3%, consumption up 5.4% in FY18 till Jan: Govt")
Firm domestic coking coal price upsets steel sector
The steel sector has asked through various representations the permission to set up their own washeries for cleaning the coal, but claim that it has been denied
 "Firm domestic coking coal price upsets steel sector")