INVC,,
Delhi,,
The Union Steel Minister, Shri Beni Prasad Verma has said that India is the 4th largest steel producer in the world and will soon be the second largest. He said this while addressing the 46th Annual Conference of World Steel Association here today. He said that World’s Crude steel production has increased steadily in the past decade from 851 million tonnes in 2001 to 1,527 million tonnes in 2011.
Shri Verma said that the steel capacity in India has increased from 66 million tonnes in 2009 to about 90 million tonnes in 2012. The capacity is all set to increase further as Steel plants in both public and private sectors have taken up expansion and modernization programs. As per projection, the capacity in the country would grow to around 200 million tonnes by 2020.
