India becomes the world's second largest producer of steel

Union Minister of Steel Jyotiraditya Scindia has said that India has made remarkable progress in the steel sector in the last 8 years. He said, the country which was earlier a net importer of the steel has now become a net exporter. The Minister was addressing the Steel Conference of State governments in New Delhi on Tuesday. Scindia informed that  India has also moved from 4th largest producer of steel to the second largest producer of steel at global scale. Scindia exuded confidence that India will become the number one producer of steel in the world in the days to come.
Speaking about the growth of steel consumption in the country, the Steel Minister added that the per capita steel consumption grew from 57.8 kilogram to 78 kilogram, registering a growth of  50 per cent in the last 8 years. In case of installed capacity of steel, the country has moved from 100 million tonnes a year to almost 150 million tonnes. Jyotiraditya Scindia also informed that the country has registered a tremendous growth in the steel production. The government intends to achieve 300 million tonne (MT) of steel production target by 2030, Scindia said.Steel across the world is the primary sector which results in economic, capital and infrastructure growth.