India’s steel sector continues to grow in 2021 as new steel plants are being commissioned. According to a recent report by Indian credit ratings agency ICRA Ratings, India’s total steel capacity in the fiscal year ending March 2022 will likely rise to 150 million tonnes a year. ICRA has factored in capacity additions during the year, including a brownfield expansion by JSW Steel’s Dolvi unit in Maharashtra. Acording to earlier media reports about 14.5 million tonne steel capacities are being setupNMDC Nagarnagar - 3.0 million tonneJSW Torunglu - 1.0 million tonneJSW Dolvi - 5.7 million tonneTata Steel Kalinganagar - 5.0 million tonneVedanta Bokaro - 1.0 million tonne According to India’s Stee Ministry update “Capacity for India’s domestic crude steel production expanded from 109.85 million tonnes per annum in 2014-15 to 142.24 million tonnes per annum in 2018-19, at Compounded Annual Growth Rate of 6.8% during this five-year period.”
India’s steel sector continues to grow in 2021 as new steel plants are being commissioned. According to a recent report by Indian credit ratings agency ICRA Ratings, India’s total steel capacity in the fiscal year ending March 2022 will likely rise to 150 million tonnes a year. ICRA has factored in capacity additions during the year, including a brownfield expansion by JSW Steel’s Dolvi unit in Maharashtra. Acording to earlier media reports about 14.5 million tonne steel capacities are being setupNMDC Nagarnagar - 3.0 million tonneJSW Torunglu - 1.0 million tonneJSW Dolvi - 5.7 million tonneTata Steel Kalinganagar - 5.0 million tonneVedanta Bokaro - 1.0 million tonne According to India’s Stee Ministry update “Capacity for India’s domestic crude steel production expanded from 109.85 million tonnes per annum in 2014-15 to 142.24 million tonnes per annum in 2018-19, at Compounded Annual Growth Rate of 6.8% during this five-year period.”
