The All India Steel Conclave 2.0: Shaping the Future of Steel is a premier event uniting the brightest minds and key stakeholders in the Indian steel industry. As India advances toward its goal of achieving 300 million tonnes of production capacity by 2030, this conclave serves as a crucial platform for dialogue, innovation, and collaboration.
Eastern India plays a dominant role in the country’s steel landscape, leading production with a capacity of 95 million tonnes. This region holds the lion's share of India's steel output and is a key driver of the nation’s growth. Within this region, Chhattisgarh, a steelmaking powerhouse, stands out as a strategic center in shaping India's steel future.
The two-day summit will feature engaging discussions, expert panels, and networking opportunities. It will explore essential topics such as sustainable raw material sourcing, advanced technologies, logistics challenges, and the imperative of decarbonization.
The conclave offers a unique opportunity to connect with industry leaders, forge new partnerships, and inspire the next generation of steelmakers. Together, we will shape the future of steel in India, driving growth, sustainability, and innovation in this vital sector. Join us on this transformative journey!
India aimed to achieve a steel capacity of 300 million tonnes by 2030-31 according to the National Steel Policy 2017. While the industry was making progress, the COVID - 19 pandemic hasset back the target by 2 - 3 years.As a result, the capacity of crude steel is expected to reach 242 million tonnes by 2030.
Bigmint predicts that steel production will reach 210 million tonnes by 2030, assuming a 7-8% compound annual growth rate(CAGR).Bigmint also projects that by 2030, the Basic Oxygen Furnace(BOF) steelmaking route will increase to contribute 55 % , while the sum of Electric Arc Furnace(EAF) & induction route will remain at 45 % .
The Eastern Region leads Indian steel production with a capacity of 95 Mnt and production of 78 Mnt, primarily through the BF - BOF route, highlighting the dominance of integrated steel plants.The Western Region, with a capacity of 34 Mnt and production of 28 Mnt, has a more balanced distribution among BF - BOF, EAF, and IF processes, indicating significant reliance on secondary steel - making.In the Southern Region, a capacity of 32 Mnt and production of 27 Mnt come mainly from BF - BOF.The Northern Region, with the smallest capacity(13 Mnt) and production(11 Mnt), depends predominantly on scrap - based steelmaking using IF and EAF.
When Integrity meets Innovation: An inspiring journey from humble beginnings to the pinnacle of success by dint of hard work, ethical practices, and innovation. Dholakia’s insights will empower aspiring entrepreneurs with practical strategists, while underscoring the importance of corporate social responsibility.
Cocktail & Networking Dinner
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26-October-2024
India's ferrous scrap imports increased by approximately 38% m-o-m in July, reaching 0.87 million tonnes (mnt) compared to 0.63 mnt in the previous month, according to BigMint's latest data. Scrap imports surged 26% y-o-y from 0.69 mnt reported in July 2023.
Mr. Nitish Shukul
+91-8369362982
nitish@bigmint.co
Ms. Anamika Jain
+91-9039722000
anamika.j@bigmint.co
Mr. Ajeet Singh
+91-9009222344
ajeet@bigmint.co
Mr. Faizan Raza
+91-7024148333
faizan@bigmint.co
