India's crude steel capacity to rise to 120 million tonnes by 2012
28 Jan 2011
Total crude steel production capacity in India is expected to go up to around 120 million tonnes by December 2012 from the current level of around 72.9 million tonnes, official estimates based on the progress of steel capacity expansion projects showed.
As per provisional data released by the World Steel Association (WSA), India was the fourth largest producer of crude steel as of January-September 2010.
India's crude steel production capacity stood at 50.1 million tonnes as of January-September 2009 against China's 474 million tonnes, Japan's of 81.9 million tonnes and USA's crude steel capacity of 60.9 million tonnes.
However, a relative position in the world scenario would depend upon the prevailing conditions in other steel producing and consuming countries, which is not possible to forecast, the steel ministry said in a release.
As far as the technology, operation methods and type of products are concerned, the details of these are decided by the individual companies based upon techno-commercial considerations, the release said.
Besides capacity addition plans by private sector companies, public sector Steel Authority of India Ltd (SAIL) and Rashtriya Ispat Nigam Ltd (RINL) too are in the process of expanding their crude steel capacities, the release said.
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