With the rapid growth of steel consumption in India, the domestic steel enterprises are also full of horsepower.
India iron and steel minister Aruna Sharma recently said India's domestic iron and steel consumption will grow rapidly from 2020 to 2030.
Sharma also said that it took 7 years that per capita consumption of steel rose from 50 kg to 60 kg , but it only took 18 months from 60 kg to 64 kg!
In terms of steel capacity, the government has set a target of 3 tons. Sharma predicts that India's steeel capacity is 126 million tons, and it is expected to reach 150 million tons in 2021.