India likely to become second largest steel producer by December

By Anil Mathews (ScrapMonster Author)

August 05, 2016 07:37:10 PM

NEW DELHI (Scrap Monster):  India is set to pip Japan to become the world's second largest steel producer by December this year, an official of Indian Institute of Metals (IIM) said.

"India is likely to leave Japan behind and become world's second largest steel producer by December 2016," IIM Delhi Chapter Chairman KL Mehrotra said in a statement.

However, what needs to be deliberated is will it be the greenfield or brownfield projects that will help India achieve the ambitious 300 million tonnes target, added Malhotra, who has also served as chairman and managing director of state-run manganese miner MOIL .

"Not to forget the steel for strategic sector - defence production, including naval warships, frigates, nuclear reactors and ISRO's space vehicles. India seems to be importing almost of all this special requirement as of now," he added.

IIM is organising the 11th edition of Minerals, Metals, Metallurgy and Materials International Exhibition and Conference (MMMM 2016) in the national capital next week.

More than 300 exhibitors from 25 countries, including China, France, Germany, Russia, UK and US, will participate in the event.

MMMM 2016 is co-sponsored by Ministries of Steel, Mines, Earth Sciences, External Affairs, Commerce and Industry, Heavy Industries and Public Enterprises and Micro, Small and Medium Enterprises, besides the Council of Scientific and Industrial Research (CSIR).

Courtesy: www.economictimes.indiatimes.com