Tomar: India overtakes US as 3rd largest steel producer    

Tomar: India overtakes US as 3rd largest steel producer    

FPJ BureauUpdated: Saturday, June 01, 2019, 12:24 AM IST
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New Delhi : India has overtaken the US to become the world’s third largest steel producer and is working towards achieving 300 million tonnes (MT) target in the next 10 years, Union Steel & Mines Minister Narendra Singh Tomar said. “So far India was the 4th largest steel producer in the world only after China, Japan and the US. However, during the first five months of this calendar year, India has achieved the 3rd position in the global steel production,” Tomar said. Addressing a meeting of the Parliamentary Consultative Committee, attached to his Ministries, in Bengaluru, Karnataka, the Minister said Indian steel industry is growing at a reasonably good pace and last year the growth in crude steel production in India was more than 8 per cent. “However, per capita steel consumption is quite low, 60 kg as against the world average of 216 kg. The low consumption no doubt indicates huge growth potential for Indian steel industry.

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