National Steel Policy(NSP), 2017 Download (2299.21 KB)
Government of India has notified National Steel Policy, 2017 which envisages development of a technologically advanced and globally competitive steel industry that provides environment for attaining self-sufficiency in steel production by providing policy support and guidance to steel producers. National Steel Policy covers all aspects of steel sector such as steel demand, steel capacity, raw material security, infrastructure and logistics, Research & Development (R&D) and energy efficiency.
Objectives of NSP:
- To domestically meet entire demand of high-grade automotive steel, electrical steel, special steels and alloys for strategic applications by 2030- 31.
- Increase domestic availability of washed coking coal so as to reduce import dependence on coking coal from ~85% to ~65% by 2030-31.
- Attain global standards in Industrial Safety and Health.
- To substantially reduce the carbon footprint of the steel industry.
- Research & Development in the sector through the establishment of Steel Research and Technology Mission of India (SRTMI).
Overall projections of domestic crude steel capacity, production and per capita finished steel consumption value by 2030-31 envisaged in the National Steel Policy (NSP), 2017 are shown below:-
Parameter | Projection: 2030-31 (mt) |
|---|---|
Total crude steel capacity | 300 |
Total crude steel demand/production | 255 |
Total finished steel demand/production | 230 |
Per Capita Finished Steel Consumption in Kgs | 160 |
Source: NSP 2017 | |