India may add 30 mn tonne steel capacity in 2 years
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India may add 30 mn tonne steel capacity in 2 years

01 Jun 2011 1 Min Read CW Staff
An additional 30 mn tonne of steel-making capacity is expected to be commissioned in the next two years in the country, even as the steel ministry is working on a new National Steel Policy that seeks to factor in a higher-than-expected growth in steel demand and consumption in five years. Of this, approximately 10 to 15 mn tonne of capacity is likely to be added during the current year itself.

An additional 30 mn tonne of steel-making capacity is expected to be commissioned in the next two years in the country, even as the steel ministry is working on a new National Steel Policy that seeks to factor in a higher-than-expected growth in steel demand and consumption in five years. Of this, approximately 10 to 15 mn tonne of capacity is likely to be added during the current year itself.

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