In his opening remarks at the end of India Steel 2017, Metals Minister Chaudhary Birender Singh said that the past 3 years have been quite challenging for the Indian steel industry.
The Indian government had to intervene strategically to provide policy and regulatory support, which yielded desired results such as improved capacity utilization to more than 78%, a 39% decline in imports and a significant 78% increase in exports during 11 months of this year. financial year.
India's steel production is currently on a growth path and will soon become the second largest steel producer in the world, he said. The ministry is aligning the national policy with the steel sector strategy and is developing a roadmap for action.
Indian Steel Ministry Explains Industry Situation
There are no comments yet.