India to remain net importer of steel, conference told

May 03, 2012 | 11:05 AM |

India will continue to be a net importer of steel even after 2020 as supply will not be able to keep pace with demand in the country, a majority of speakers said at Metal Bulletin’s 8th Indian Iron and Steel conference in New Delhi. Leaders from the Indian steel Industry, in their address to delegates, expressed concern at the slow pace of greenfield projects in the country, mainly due to delays in obtaining clearances, the allocation of iron ore mines and the availability of land for steel projects. “India will have to import at least 3 million tonnes of steel in 2012 and that figure is likely to increase to more than....

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