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16 May
09:54

India's National Steel Policy seen facing hurdles

India’s National Steel Policy (NSP) 2017 will boost the struggling domestic steel industry. The execution of provisions in the policy however will remain a challenge for the government, according to India Ratings & Research (Ind-Ra). In order to achieve the 230 million tonnes of steel demand targeted by NSP in 2030-31 Indian steel demand will need to grow 7-7.5% annually compared to 3.5-4% annual growth between 2012-2016 inclusive. Accelerating de…
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