India is the 2nd largest crude steel producer in the world, with 120 MT of crude steel produced in FY’22.
Production of Total Finished Steel stood at 111.858 MT showing a growth of 21.3% over the year.
India Exported 13.5 MT of Finished Steel amounting to INR one lakh crores during FY’22
Over 2030-31, crude steel actual production forecasted to reach 255 MT
Per capita finished steel consumption is expected to rise to 160 kg by 2030-31 (from 72.3 kg in 2021)
Steel production (weight: 17.92 %) increased by 5.7 % in July 2022 over July 2021. Its cumulative index increased by 6.5 % during April to July 2022-23 over the corresponding period of previous year.
Domestic stainless steel demand expected to reach 20 MT by 2047
Secondary steel sector and consumers as target of achieving 300 MT of steel capacity by the year 2030
India has large reserves of Iron ore, Bauxite, Chromium, Manganese ore, Baryte, Rare earth and Mineral salts.
The Metals and Mining sector in India is expected to witness a major reform in the next few years, owing to reforms such as Make in India Campaign, Smart Cities, Rural Electrification, and a focus on building renewable energy projects under the National Electricity Policy as well as the rise in infrastructure development.
Ministry of Coal launched the fifth tranche, second attempt of fourth tranche and second attempt of third tranche of commercial coal mine auction on March 30, 2022.
The 3rd round of auction have 88 coal blocks offered and the 4th round of auction held in December 2021 offered 99 coal mines, of which 59 are fully explored with 40 partially explored.
Production level of important minerals in June 2022 were: Coal 669 lakh tonnes, Lignite 46 lakh tonnes, Natural gas (utilized) 2747mn cu. m., Petroleum (crude) 24 lakh tonnes, Bauxite 1950 thousand tonnes, Chromite 343 thousand tonnes, Copper conc. 10 thousand tonnes, Gold 85 kg, Iron ore 201 lakh tonnes, Lead conc. 30 thousand tonnes, Manganese ore 238 thousand tonnes, Zinc conc. 142 thousand tonnes, Limestone 335 lakh tonnes, Phosphorite 189 thousand tonnes, Magnesite 8 thousand tonnes, and Diamond 44 carat.
India has large reserves of Iron ore, Bauxite, Chromium, Manganese ore, Baryte, Rare earth and Mineral salts.
The Metals and Mining sector in India is expected to witness a major reform in the next few years, owing to reforms such as Make in India Campaign, Smart Cities, Rural Electrification, and a focus on building renewable energy projects under the National Electricity Policy as well as the rise in infrastructure development.
Ministry of Coal launched the fifth tranche, second attempt of fourth tranche and second attempt of third tranche of commercial coal mine auction on March 30, 2022.
The 3rd round of auction have 88 coal blocks offered and the 4th round of auction held in December 2021 offered 99 coal mines, of which 59 are fully explored with 40 partially explored.
Production level of important minerals in June 2022 were: Coal 669 lakh tonnes, Lignite 46 lakh tonnes, Natural gas (utilized) 2747mn cu. m., Petroleum (crude) 24 lakh tonnes, Bauxite 1950 thousand tonnes, Chromite 343 thousand tonnes, Copper conc. 10 thousand tonnes, Gold 85 kg, Iron ore 201 lakh tonnes, Lead conc. 30 thousand tonnes, Manganese ore 238 thousand tonnes, Zinc conc. 142 thousand tonnes, Limestone 335 lakh tonnes, Phosphorite 189 thousand tonnes, Magnesite 8 thousand tonnes, and Diamon 44 carat.