Today, in one of the India’s largest Scrap consumers & suppliers trade meet organized by SteelMint, Susmita Dasgupta, Joint Chief Economist, JPC, Ministry of Steel has shared her view on present scenario of Indian Steel Industry. Her views are:
Will India be able to meet a 100 MnT mark?
- It’s time that along with Steelmaking, R&D must be taken up by the private producers.
When was the decline?
- Year 2004. Raw material trade was cheaper than steelmaking.
China Boom – Colonisation due to De-industrialization
- Chinese & Japanese will establish their power in the world first followed by profit making. Projecting this trend, trading will be more promising than steel manufacturing.
India’s Crude Steel Production
|
Year Quantity |
|
| 2004 |
32.63 |
| 2005 |
45.78 |
| 2006 |
49.45 |
| 2007 |
53.47 |
| 2008 |
57.79 |
| 2009 |
63.53 |
| 2010 |
68.98 |
| 2011 |
73.47 |
| 2012 |
77.26 |
| 2013 |
81.30 |
| 2014 |
61.6* |
* till Sep’14; Qty in MnT
Source: World Steel Association; SteelMint Research
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