ORE SHORTAGES AND RED TAPE WILL MAKE INDIA TO MISS 2017 STEEL PRODUCTION TARGET
November 3rd, 2013
India’s target for increasing its steel production capacity to 142 million tonnes by 2017 is unlikely to be achieved because of regulatory roadblocks and iron ore supply disruptions, experts have told Steel First. “New steel projects in India are not getting [regulatory] clearances and therefore in the next two to three years, only 15 to 20 million tonnes of new capacity would be added to the existing 90 million tonnes,” said Giriraj Daga, an analyst with Nirmal Bang Securities [SPELL CHECKED] in Mumbai.While it has been easier for existing steel plants ...
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