India plans to build 12 steel plants with a capacity of 60 million tons per year

In the Indian state of Odisha in the east of the country, at least 12 steel mills with a production capacity of 60 million tons per year will be built. Business Standard writes, with the reference to a statement from the State Mining Department Minister Prafullu Kumar Mallik.

Three new steel enterprises are planned to be established in the Sundargarh district, two in the Jajpur district and one in the districts of Angul, Kendrapada, Dhenkanal, Keonjhar and Jagatsinghpur. The two steel companies have not yet decided on the areas in which it will operate.

In turn, Arcelor Mittal Nippon Steel India Limited has proposed the establishment of a new 24 Mtpa steel plant at Mahakalpad in Kendrapara district, while JSW has planned the construction of a 12 Mtpa steel plant at Gadakujang in Jagatsinghpur district.

There are currently 51 steel mills in Odisha with a production capacity of 33.1 million tons per year.

As reported by GMK Center earlier, Indian Ministry of Steel instructed state steel plants to increase capacity by at least 80%, to 45 million tons per year by 2030. The current capacity is 25 million tons per year.

India is the world’s second largest consumer of steel in the world after China. According to Worldsteel estimates, in 2021 this figure was 106.1 million tons. For example, in the USA – only 97.1 million tons. This index will reach 114.1 and 120.9 million tons. However, there is a slowdown in consumption. If in 2021 the increase was 18.8%, then in 2022-2023. in 7.5% and 6% respectively.

  • Global Market

Turkey increased steel production by 7% y/y in April

In April 2025, steel enterprises in Turkey increased steel production by 7% compared to April…

Saturday May 31, 2025
  • Global Market

EU imposes final anti-dumping duties on tinplate from China

The European Commission (EC) has announced its decision to impose final anti-dumping duties on imports…

Friday May 30, 2025
  • Companies

Poland’s JSW exceeded plans for coal production and sales in Q1

Poland's Jastrzębska Spółka Węglowa (JSW), the largest coking coal producer in the EU, has announced…

Friday May 30, 2025
  • Global Market

Turkey increased steel exports by 14.4% y/y in April

In April, Turkey increased steel exports by 14.4% y/y – to 1.2 million tons. In…

Friday May 30, 2025
  • Global Market

The EU has almost exhausted its annual quota for imports of Russian pig iron in 3 months

In the first quarter of 2025, European companies almost exhausted the annual quota for imports…

Friday May 30, 2025
  • Companies

Nippon Steel to invest $6 billion in electric arc furnaces at three plants in Japan

Japanese steelmaker Nippon Steel plans to invest almost JPY870 billion ($6.05 billion) in the introduction…

Friday May 30, 2025