Target of 600 Million Tonnes Annual Production by 2047
New Delhi: The Central Government is preparing to unveil a new steel policy. As part of this initiative, a draft document titled ‘National Steel Policy Vision 2047’ has been released. This draft has been formulated in alignment with the ‘Viksit Bharat’ (Developed India) goal set for 2047.
Key Highlights
Annual crude steel production of 604 million tonnes by 2047
Annual domestic steel demand of 505 million tonnes by 2047
Increasing per capita steel consumption from the current level to 302 kg
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