Steeling for Growth
India's Government Wants to Ramp Up Steel Production, But Big Risks Await
India's steel producers face a problem. The country's national government wants to create new cities from scratch, develop a new industrial corridor and expand the country's freight rail network. All of that requires a lot more steel, so the prime minister's Cabinet last year revamped the national steel policy to call for tripling production capacity to 300 million metric tons by 2030.