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State of the steel sector
So, what should be done to navigate a balance between domestic manufacturing fortification and managing the influx of imports? For some answers, and to learn more about measures to reduce the carbon footprint of the steelmaking process in India, the use of green hydrogen and the Budget 2024 wishlist, CW spoke to manufacturers and end-users for their perspectives.
To read the full story, CLICK HERE.
- crude steel
- finished steel production
- CRISIL
- steelmaking process
- Tata Steel
- JSW
- JSPL
- SAIL
- Rajesh Vijayavergia
- Steel Research and Technology Mission of India
- steel
- Steel dumping
- Vivek Kejriwal
- Sunvik Steel
- Vedanta Group
- Ashish Gupta
- Bureau of Indian Standards
- Chandresh Mehta
- Rustomjee Group
- PLI scheme
- coated/plated steel products
- highest strength/wear-resistant steel
- specialty rails
- alloy steel products
- steel wires
- electrical steel
- Saket Mohta
- Merlin Group
- Indranil Dutta
- Datre Corporation
- Super COURSE 50
- Green Hydrogen and Green Steel
- sustainability
- Budget
India is the world’s second-largest producer of crude steel with an output of 125.32 million tonne (MT) of crude steel and finished steel production of 121.29 mt in FY23. Its finished steel consumption is anticipated to increase to 230 MT by 2030-31. However, domestic steel producers are affected by the surge in imports. According to CRISIL, imports may touch the 6 MT mark (from 1.2 MT) this fiscal.So, what should be done to navigate a balance between domestic manufacturing fortification and managing the influx of imports? For some answers, and to learn more about measures to reduce the carbon footprint of the steelmaking process in India, the use of green hydrogen and the Budget 2024 wishlist, CW spoke to manufacturers and end-users for their perspectives.To read the full story, CLICK HERE.