ICRA Expects Indian Crude Steel Capacity to Touch 150MT by Mar’22
India Steel CapacitySunday Guardian

ICRA Expects Indian Crude Steel Capacity to Touch 150MT by Mar’22

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

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 setup

NMDC Nagarnagar - 3.0 million tonne

JSW Torunglu - 1.0 million tonne

JSW Dolvi - 5.7 million tonne

Tata Steel Kalinganagar - 5.0 million tonne

Vedanta 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.”

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