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India's national stainless steel policy likely to be unveiled in early 2024
The Indian government will release a National Stainless Steel Policy eraly next year, industry and government officials said on November 24.
They said that the work on framing the policy is in the final stages and once approved by the ministry of steel and subsequently by India's cabinet of ministers, it is likely to be unveiled early in 2024.
According to government officials, the policy will lay down medium-term and long-term goals for the domestic stainless steel industry. In the medium term, the domestic stainless steel production target is expected to be set at 10 million mt per year, from 6.6 million mt per year.
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