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Steel production soars to 144.3 mt in 2023-24
The Business Guardian
|August 10, 2024
The Ministry of Steel has reported a significant increase in crude steel production, which reached 144.3 million tonnes (Mt) in the fiscal year 2023-24, compared to 109.14 Mt in 2019-20.
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This data, sourced from the Joint Plant Committee (JPC), highlights the robust growth in India’s steel sector over the past four years.
According to the Ministry of Steel, steel production in India, is largely driven by market dynamics, logistics for raw materials, and other commercial considerations. The government plays a crucial role as a facilitator, creating a conducive policy environment to support the development of the steel industry, especially in rural areas.
To further promote the steel sector, the government has implemented several measures aimed at boosting steel consumption and investment in rural regions.
Cette histoire est tirée de l'édition August 10, 2024 de The Business Guardian.
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