Indian major steelmakers to expand capacity for 24 million tons per year by FY 2018(steel pipe)
It is learned that Indian major steelmakers are to enhance
production capacity for another 24 million tons per year before
financial year 2017-2018.
According to the Steel Ministry, the state-owned SAIL will ramp up its
capacity from current 12.8 million tons per year to 21.4 million tons;
another state-run company RINL is close to complete its expansion to 7
million tons per year from current 3 million tons.(steel pipe)
Besides, the largest steelmaker in the country Tata Steel will increase
its capacity from 14.3 million tons per year to 16.5 million tons, while
Essar has just increased recently its capacity at its Hazira plant to
10 million tons per year.(steel pipe)
Steel Ministry’s data shows the current capacity of the 10 major
steelmakers in the country stands at 54.5 million tons per year and it
will eventually grow to 78.5 million tons by financial year 2018.
Moreover, the capacity is expected to hit 200 million tons by financial
year 2020 if the capacity of the secondary producers is counted.(steel
pipe)
