Seeking collective efforts of the industry to make the steel sector future-ready, Union Steel Minister Dharmendra Pradhan has said that India needs to be self-sufficient in high grade steel. He further noted that metals, including steel, continue to play a vital role in building India a modern economy.
Pradhan also underlined a strong positive correlation between steel usage and a nation’s economic growth, adding that the steel sector will have a key role to play in the making of a New India envisioned by Prime Minister Narendra Modi. Besides, he mentioned that the National Steel Policy 2017 was formulated to create a more self-sufficient and globally competitive steel industry with a crude steel capacity of 300 million tonnes by 2030.
Further, Union Steel Minister said that the next trajectory of growth, fuelled by the government’s key focus on building infrastructure for future, creating smart cities, industrial corridors and so forth will further boost steel consumption.