AMNS India plans to roughly triple its domestic steelmaking capacity to 25-26 million tonnes by 2030. An expansion of this size adds sustained construction demand now and, once commissioned, a large new source of pull for iron ore, ferro alloys and fluxes. It is one of the anchor projects in India's march toward its 2030 capacity target, and a signal that global steel groups see India as the market worth committing multi-billion-dollar capital to — with everything that implies for the upstream supply chain.
AMNS India to triple its domestic steelmaking capacity to 25-26 million mt by 2030
Source: steelorbis