Indian government is planning to come out with an alloy policy in a bid to augment the output of special steel in the country. Steel Secretary Dr Aruna Sharma told PTI “We are coming up with an alloy policy. The need for such a policy was felt in the wake of increased demand of special steel from various sectors.
She, however, did not elaborate on the time-frame as to when the policy will be ready for roll out.
Dr Sharma said the demand for the special steel is going to increase as industries like shipping, automobile, defence are growing in the country where such steel will be required. She said “So, it is very important that India should gear itself up to start making special steel and therefore we are working on that alloy policy…We have designed a roadmap as for how to move towards making this special steel.’
She said once the policy will be rolled out India will be producing sufficient special steel. She said “Today we make base steel, we make auto steel through JVs…. now this will be the next step where we will be making sufficient alloy steel which is needed in defence and shipbuilding, etc in a very big way.
Source : PTI
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