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Draft National Steel Policy targets 300 MT capacity by 2030

By TIOL News Service

NEW DELHI, JAN 20, 2017: THE Ministry of Steel has invited suggestions on the National Steel Policy (NSP), 2017 from all stakeholders and the public.

The Ministry of Steel has prepared the draft policy named “The National Steel Policy (NSP), 2017” to ensure that the steel sector follows a sustainable path of development in respect of augmenting capacity to 300 MT by 2030-31 in environment friendly manner, mineral conservation, quality of steel products, use of technology and indigenous R&D efforts, so that the country can, over time, reach the global efficiency benchmarks. The National Steel Policy 2017 (NSP 2017) is an effort to steer the industry to achieve its future potential and strategy to deal with various impediments like high input cost, availability of raw materials, dependency on imports & financial stress.

The draft policy seeks comments from the public, Governments of the States / Union Territories, steel industry, mining industry, industry associations, and other stakeholders and persons and entities concerned. The last date for receipt of the comments/ suggestions is 23 January 2017.

See full text of Draft Policy


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