India’s steel industry will face several challenges as the nation is poised to become the next driver in regional economic growth, keynote speakers said at the Indian Steel Association’s inaugural Steel Conclave Conference at New Delhi on Thursday. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Challenges like the high cost of raw materials, including coking coal and thermal coal, transportation networks and infrastructure, and the quality of steel, were brought up by leaders in the major Indian steel mills. Anil Chaudhary, Chairman of Steel Authority of India Limited, said that India aims to produce 300 million tonnes of crude steel capacity by 2030-2031, up 130% from the current capacity of around 135 million tonnes. This was echoed by Naveen Jindal, Chairman of Jindal Steel and Power Limited, who added that India’s per capita steel consumption is merely at 68 kg compared to […]