Need To Develop Right Ecosystem For Secondary Steel Sector To Achieve 300 Million Tonne Capacity By 2030: Steel Minister

There is a need to provide the right ecosystem for the secondary steel sector and consumers in a bid to achieve 300 million tonnes capacity by 2030, Steel Minister Ram Chandra Prasad Singh said on Thursday (16 June).

The minister made the remarks while addressing a meeting of the steel manufacturers and consumers held in Surat, according to an official statement.

"The Steel Minister has emphasized the need of supporting and providing the right ecosystem for the secondary steel sector and consumers to meet 300 million tonnes of steel capacity by the year 2030," the Ministry of Steel said.

The minister stressed that all these targets can be achieved only with the active participation of secondary steel producers and steel consumers.

He also stressed upon the synergy between state and central government policies for achieving the intended target of ease of doing business, the ministry said.

The minister also advised steel players to take more interest in developing niche steel products so that country's need can be met indigenously.

(With inputs from PTI)