Make in India programme to boost stainless steel demand
Experts say the government\'s manufacturing plan in India will help increase India\'s demand for stainless steel.
They also urged governments and private enterprises to create steel demand in the country and to promote development in areas such as ports, civil aviation, urban infrastructure, etc.
Experts from the industry participated in the Fourth International Conference and the Indian Iron and Steel Industry Expo: here to go global and sustainable.
\"Stainless steel production accounts for more than 4% of India\'s total steel production, compared with less than 2. 5% globally.
\"If the alternative strategy continues to replace carbon steel with stainless steel, the demand for stainless steel in our country will surge,\" said Yatinder Pal Singh Suri, head of state, finnish stainless steel giant Outokumpu, one of the world\'s largest stainless steel manufacturers, said.
There are more than 400 grades of stainless steel for various end-use, he said.
In India, he said, the main demand came from the field of kitchenware and kitchenware applications, up to 65%. Industrial applications account for about 35% of the overall demand, he added.
\"The local product range capabilities are quite limited, so imports are critical to end-user high-end advanced material requirements,\" he said . \".
At the steel summit, he said that India\'s per capita use of stainless steel is less than 2.
Kg than 5 kg month China.
\"Due to the manufacturing movement in India, the demand for stainless steel for industrial equipment will surge, and we hope that in the next ten years, we will be able to achieve the goal of 6 kg per capita.
\"Imagine how much capacity we will create to meet this need,\" he said . \".
He said the R & D capability of the domestic stainless steel industry needs to be improved.
Steel makers believe the government should encourage cooperation between major global steel companies and local steel companies to boost domestic capabilities.
They say India\'s infrastructure development plan for the future is very ambitious.