India’s Per Capita – National Steel Policy

• In Rajya Sabha’s written response, the Minister of Steel pointed out that India’s per capita steel consumption is 74.7 kg, compared to the world average level of 229 kg during 2019-20.
• The “National Steel Policy” issued in 2017 aims to achieve 300 tons of steel production capacity in India by 2030.
• It has a long-term vision to increase domestic consumption, produce high-quality steel, and make the industry globally competitive.
• National Steel Policy Objectives: Increase crude steel production capacity to 300 tons by 2030-31.
• By 2030-31, per capita steel consumption will increase to 160 kg.
• By 2030-31, domestic production will meet all demands for strategically used high-end automotive steel, special steel and alloys, and electrical steel.
• Become a net exporter of steel by 2025-26.