India may surpass US in steel making in 2-3 years: AIST

JAMSHEDPUR: Given the growth of the domestic steel sector, India is likely to overtake the US to become the third-largest steel producer in the world in the next couple of years, the executive director of the Association for Iron and Steel Technology (AIST) Ronald E Ashburn said on Sunday.

“India will eclipse the US in 2-3 years in steel producing after China and Japan,” he told a press conference here on the eve of launch of the inaugural AIST International Steel Academy (ISA). He said that at present , India produces 70 million tonnes of steel per annum out of its installed capacity of 80 million tonnes.

India, which was the sixth-largest steel producer about three years back, has since surpassed South Korea and Russia to become the fourth-largest steel-maker in the world.