Never miss a story

Get subscribed to our newsletter


×
Modi government seems determined to boost the country's crude steel production capacity. Wikimedia Commons

The Modi government seems determined to boost the country’s crude steel production capacity to 300 MT by 2030-31 in a bid to make India a global steel manufacturing hub.

At present, China is the world’s largest steel producer with a production capacity of 928.3 MT of crude steel (2018), while India, with 106.5 MT of crude steel production, ranks second on the list. Dedicated participation of all stakeholders is a must to achieve the projected capacity target of 300 MT by 2030-31.

Keep Reading Show less

Popular

Workers ride through an aluminum ingots depot in Wuxi, Jiangsu province, China, Sept. 26, 2012. President Donald Trump imposed tariffs on aluminum and steel in March of 2018, with the goal of boosting U.S. production. VOA

Their iconic blue-colored planters and grain cars are recognizable on many farms across the United States. They are also easily spotted in large displays, some stacked one on top of the other, in front of Kinze’s manufacturing hub along Interstate 80, where, inside buildings sprawling across a campus situated among Iowa’s corn and soybeans fields, the company’s employees work with one key component.

“Steel is the lifeblood of Kinze,” says Richard Dix, a company senior director. “We’re a factory that’s essentially a weld house. We cut, burn, form, shape, cut, paint steel.”

Keep Reading Show less
US President Donald Trump. wikimedia commns
  • Trump adamant about his tariff plans
  • His decision is facing great criticism
  • It can lead to heavy losses

U.S. President Donald Trump said Monday the United States is not backing down on its decision to impose 25 percent tariffs on steel imports and 10 percent tariffs on imported aluminum products, despite growing pressure from political and diplomatic allies and U.S. companies to pull back from a policy that could spark a trade war.


Before a White House meeting with Israeli Prime Minister Benjamin Netanyahu, Trump suggested Mexico and Canada could be exempted from the planned tariffs if a new and “fair” North American Free Trade Agreement (NAFTA) is reached.

Keep Reading Show less
timesofindiaindiatimes.com

Kolkata: Union Finance Minister Arun Jaitley on Sunday said the steel, power and the sugar sector along with the discoms remain stressed sectors and the government is addressing the challenges involved. “There are serious challenges in steel, power, discoms and sugar these are the key areas where we are addressing the challenges of the industry,” he said during an interactive session of the Indian Chamber of Commerce here.


timesofindiaindiatimes.com

With Chinese imports flooding the Indian steel industry, nearly all steel-makers in the country have posted a negative balance sheet for the quarter ended June 30 while power availability and its connectivity to rural areas remain a concern. However, the minister stressed on boosting the manufacturing sector to help India attain a 8-10 percent growth. “If we are able to increase our pace of manufacturing, our services are going to be reasonably high,” he said.

Keep reading... Show less