The Steel Policy National Of Iron And Steel In India. Steel factories in India there are so many that India is able to produce steel very much every year. The large number of steel factories also does not rule out the possibility that India is the country that produces the most steel in the world. This is very possible because indeed in India it has a policy regarding this specifically. In the article entitled steel policy national of iron and steel in India. It will be explained how the policy is for steel mills in India and those in these mills. Therefore, see the explanation below.
India Has Been Determined Since 2005 To Be Able To Have The Quality Of The Steel Industry Which Is Indeed Modern And Of Course International Standard
This is done so that India can compete with other countries that do have the same steel industry sector in it. Something that is usually made into a comparison is the selling power or cost, productivity, quality, and the last is efficiency in workmanship. India established a policy that in 2005 there were only 38 million metric tons of steel in one year. But along with the annual growth in India that is so fast that each year it can increase up to 7.3% every year.
So If It Is Calculated That In 2019 To 2020 The Steel Industry There Has Reached 100 Million Metric Tons Of Steel Per Year
The policy that keeps increasing every year is indeed due to the increasing consumption of steel in the world every year. The country which is the biggest consumer every year is China. China’s growth can reach 7 to 8% annually.
Based on many cases in the demand for steel production which is always increasing every year. In this article the steel policy of the national iron and steel in India will explain the national steel policy issued by the Indian Ministry of steel in 2017. So the policy includes
1. Many steel companies have large debts that are constrained
2. There is less demand for steel from domestic
3. The quality of coke is declining
4. High production costs
5. Import requests from China, and neighboring countries are very cheap.
All Industry Players In India Will Automatically Fix It All
After the above policy is stated. All industry players in India will automatically fix it all and do not want the factory to go bankrupt or lose. the policy at above of course produces a solution called the Greenfield steel plants which are found along the coast of India. In addition, the use of electric furnaces can also reduce the use of gas and coal coke for blast furnaces.
That Was The Explanation Of The Steel National Policy Of Iron And Steel In India
This is certainly needed so that each of the parties involved can benefit and at the same time be able to protect the Indian state together. In addition, this policy aims to be able to control all industrial activities that occur in India. So indeed after India discovered what the problem was, they immediately devised a solution with this policy.