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India Steel Output will reach 300 million tons in 2025

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India is a country with economic development of industrial diversification, although more than half of India’s population still rely directly or indirectly on agriculture, but as the representative of sustainable development, software and financial services have become an important support to drive GDP growth. India’s industrial base is relatively lag behind; the steel industry is an important basic industry of the national economy, and it plays an important role in the countries’ industrialization and the process of urbanization. To promote industrialization, the development of the iron and steel industry by adopting blast furnace stove operation is an important part for India.

India is rich in mineral resources and large reserves. By 2014 the proven iron ore reserves is 8.1 billion tons, it ranked 5th in the world. At the same time India has rich manganese ore, chrome ore and coal resources, which provides favorable conditions for the development of the steel industry adopting blast furnace working.

Indian steel industry began in the early 20th century. In 2014, India’s crude steel production reached 86.5 million tons, and it is the world’s fourth-largest steel producing countries. Crude steel output(produced by iron blast furnace process) is expected to reach 300 million tons in 2025.

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