India’s competitive advantage in steel production is driven by the indigenous availability of high grade iron ore and non-coking coal – the two critical inputs of steel production. India also has a vast and rapidly growing market for steel, strong MSME sector and a relatively young work force with competitive labour costs. Therefore, to steer the steel industry to achieve its full potential while being globally competitive and to enhance steel production with focus on high end value added steel, the National Steel Policy 2017 was introduced.
Objectives of this Policy: Increase per Capita Steel Consumption to 160 Kgs by 2030-31 and increase global presence of high grade steel
