India to Soon Release New Steel Policy, Eyes 600 Million Tons Capacity by 2047, Secy Says
- India will release its proposed National Steel Policy for stakeholder consultation in about a week, Steel Secretary Sandeep Poundrik said.
- The policy will set a roadmap toward 600 million tonnes of steel capacity by 2047, updating the 2017 framework.
- The policy may use safeguard and anti-dumping duties to discourage cheap, substandard imports while improving smaller domestic producers’ competitiveness.
- The government is proposing a ₹5,000 crore scheme linking incentives for small steel producers to production and carbon-emission reductions.
12 Articles
12 Articles
India targets 600 million tons steel capacity by 2047, secretary says
India's new steel policy plans 600 million metric tons of steelmaking capacity by 2047 and is a roadmap for the next two decades, the country's steel secretary said on Tuesday, adding that it will be released to the public domain soon.
Devdiscourse
LatestlyIndia plans new National Steel Policy, draft to be put out within a week: Steel Secretary
The government will put the proposed National Steel Policy in the public domain within about a week for stakeholder consultation, with the new framework aimed at setting out a roadmap for India's steel sector till 2047, Steel Secretary Sandeep Poundrik said on Tuesday.
India to unveil new steel policy next week, 600 MT capacity and cheap imports in focus
Steel Secretary Sandeep Poundrik said the draft National Steel Policy will be opened for public comments within a week, with a 600 MT capacity target and measures against cheap, sub-standard imports.
The Economic Times
Times of IndiaIndia to soon release new steel policy, eyes 600 million tons capacity by 2047, secy says
India's government will soon unveil a new national steel policy aimed at boosting steel production. The production capacity is expected to reach 600 million metric tons by 2047. This policy will emphasize premium products and reducing imports to strengthen the domestic market. A separate policy on steel scrapping is also being discussed among various ministries.
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