Housing schemes needs to push steel demand
Demand for steel is expected to grow for meeting the needs of the state-run flagship schemes like Make in India, housing projects and the defence sector, said Union Steel Minister Chaudhary Birender Singh. "Demand for value-added and sophisticated grade of steel is expected to grow to meet the needs of state initiatives like Make in India, Pradhan Mantri Awas Yojana, Pradhan Mantri Gramin Vikas Yojana and the defence sector," he told reporters after the National Steel Consumers' Council meeting here. With per capita consumption of steel in India at around 68 kg, it stands at less than a third of the global average consumption of around 208 kg, the Minister noted. "The issues of demand, supply, product innovations and logistics require serious deliberations. The Consumers' Council needs to draw the expected roadmap of logistics for seeking priority attention of policy makers," he added.
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