India postponed to reach 3 tons of crude steel production capacity target date to fiscal year 2030

• 来源：骏楠官网
• 作者：骏楠管理员
• 日期： 2017-02-13

  According to the announcement of the government of India on the "national steel policy 2017 draft report, India iron and Steel Ministry plans to 2030 fiscal year (ending March 31, 2031) the country's crude steel production capacity from the current 1.22 tons increased to 3 tons. The draft report will be developed in 2015 to 2025 annual crude steel production capacity of up to 3 tons of the target delayed for about five years, when the India iron and steel industry believes that this goal is too ambitious to achieve. India has overtaken the United States as the world's third largest steel producer after China and japan. India's latest iron and steel policy objectives also include the 2030 fiscal year, the per capita steel consumption in India from the current increase of 61 kg to 160 kg, while the country will become a net exporter of steel.
According to data released by the India iron and steel joint steel mills Commission, in 2016 4-12 months, India steel production grew 10.5% to reach 73 million 770 thousand tons, steel consumption grew by 3.3% to 61 million 500 thousand tons.
According to the draft plan, India iron and steel plan is divided into three stages to improve steel production capacity, every five years as a first stage (April 2016 to March 2021) increased crude steel production capacity of 25 million tons; the second phase (April 2021 to March 2026) is to increase the production capacity of 89 million tons; the third phase (April 2026 to March 2031) to increase the production capacity of 64 million tons. The three phase of a total increase of crude steel production capacity of 1.78 tons, so as to achieve the goal of crude steel production capacity of 3 tons.
The report also said that the next 15 years, India crude steel production capacity increased by 1.78 tons of investment needs to be RS 10 trillion (about $150 billion). However, the India Research Institute said, taking into account the current high debt of India iron and steel enterprises and low demand for domestic steel growth in India, such a huge amount of investment funds is difficult to be guaranteed. The research also pointed out that if India can be scheduled to reach 3 tons of production capacity, from now until fiscal year 2030, India steel consumption in the average annual growth rate of at least 8%, which means that during this period the average annual growth rate of India GDP to reach 10%, significantly higher than the China economic growth, so the realization of this goal difficulty as can be imagined.