Per capita steel consumption in India at 100 kg, says steel secretary
India's steel sector is experiencing significant growth, with production rising by over 12% despite global declines. The nation's per capita steel consumption has reached 100 kg, a key milestone as the National Steel Policy 2017 aims for 160 kg by...
India's steel industry has registered growth in terms of production against the global decline, the top ministry official said, according to a statement issued by the Ministry of Steel.
Speaking at a workshop organised by Ministry of Steel in the national capital, the secretary "highlighted India's robust 12 per cent plus growth in steel production compared to global declines, with per capita consumption surpassing 100 kg".
Per capita steel consumption reaching 100-kg level is an important milestone for the country as the government's National Steel Policy 2017 aims to scale up finished steel per capita consumption to around 160 kg by 2030-31.
The per capita steel consumption was around 60 kg at the time of the launch of the policy in 2017, which also aims crude steel capacity of 300 million tonnes (MT), and production of 255 MT by 2030-31.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.