06 May 2024 | 15:00 UTC
Listen: Amid ambitious expansion plans, India's steel production may face headwinds for raw material supply
Featuring Anirudh Iyer, Keith Tan, Paul Bartholomew, and Rohan Somwanshi
The expansion in the Indian steel manufacturing capacity comes at an opportune moment for the industry as the country has witnessed massive infrastructure projects like construction of national highways over the past few years. Now, with the general elections underway in the country and if the incumbent government comes back to power, the thrust on infrastructure would likely receive continued boost on account of policy continuity.
Even though India has unseated Japan as the second largest producer of steel in the world over the past few years, steel production is quite a capital-intensive business, and a large chunk of production costs is driven by prices of raw materials. In such a scenario, the question arises if the Indian steel sector is comfortably placed in terms of having access to conventional and non-conventional raw materials going ahead.
In this discussion, Anirudh Iyer, associate editor, steel and raw materials is joined by Keith Tan, associate regional pricing director for Asia metals, Rohan Somwanshi, managing editor for global agriculture and metals news and Paul Bartholomew, lead analyst for metals and mining to share their views on what lies ahead for the Indian steel sector.
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