Source: EUROFER ECONOMIC REPORT, ECONOMIC AND STEEL MARKET OUTLOOK 2021-2022 (Page No.22)
The detailed report is available here: https://bit.ly/3IgF94V
Iron and steel industry of India and its raw material
It is a basic industry and forms the backbone of industrial development in any country. It provides raw material for making industrial machinery, electrical machinery, defence equipment, railway tracks, dams, houses and a host of other industrial and consumer goods.
India’s current steel producing capacity of is ~140 MTPA and the figure is anticipated to rise to 300 MTPA by 2030-31.
(Source: https://www.ibef.org/industry/steel.aspx)
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