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India can produce 300 million tonne of steel by 2030 -The 19th China(Guangzhou)Int’l Metal &Metallurgy Ex
hibition
7/25/2017 金属展-冶金展-钢铁展-steel expo-metal &metallurgy expo |
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Business Line reported that India is capable of producing 300 million tonnes of
steel by 2030, as envisaged in the National Steel Policy 2017, but many
challenges have to be overcome on the path to the target, according to experts in
the sector. At present, India produces 90 million tonne of steel per annum. They
were speaking at the one day seminar on success and survival strategies in the
steel sector organised here on Friday by the magazine, Steel and Metallurgy.
Magazine editor Nirmalya Mukherjee presided over the seminar.
Mr NK Nanda, the Director (Technical) of the National Mineral Development
Corporation the chief guest, said the main challenge was to keep input costs in
steel production down and maintain high quality for the industry to be competitive.
He said that "As far as coking coal is concerned, we have little choice as it has to
be imported from other countries, but we have sufficient reserves of iron ore. But
the challenge is to produce ore in a cost-effective manner and supply it to the
steel industry. The landed cost of ore has to be reasonable for the industry to be
competitive."
Dr AS Firoz, an economist specializing in the sector, said backward integration
may not be of much use to the steel companies at present. Bad investment
decisions are plaguing the sector.
Mr PL Haranadh, the Deputy Chairman of the Visakhaptnam Port, said logistics
cost would have to be brought down drastically to make the steel industry
competitive. He said that "For that to happen, we have to rely more on inland
waterways and coastal shipping and less on the railways and roads.”
Mr SK Rai the technical director of M.N. Dastur & Co Ltd, said Visakhapatnam
Steel Plant should aim at 20 million tonne per annum by 2030 from the present
level of 6.3 million tonne.
Mr DN Rao the Director (Operations) of RINL, said marketing, input costs and
quality control were the three key factors in steel production. The RINL had
appointed 300 rural dealers to sell steel in villages.
Mr Sushim Banerjee the Director-General of the Institute for Steel Development
and Growth, said creating demand for steel, especially in rural areas, was as
important as capacity augmentation to reach the target by 2030.
Mr NS Rao a former director in the RINL and currently a professor of metallurgy in
Andhra University said that China takes 29 months to build a blast furnace and a
private company in India roughly 40 months. He said that "It has taken nearly 70
months for the RINL to build and commission the third blast furnace. We have to
speed up our processes. The target of 300 million tonnes is very difficult, but not impossible.”
-The
19th China(Guangzhou)Int’l Metal &Metallurgy Exhibition
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