Labourers load coal onto a supply truck on the outskirts of Jammu April 6, 2017. REUTERS/Mukesh Gupta
MUMBAI: India is encouraging companies to acquire iron ore, coking coal, and other key raw material assets overseas, Steel Secretary Sandeep Poundrik says, as the country ramps up its steelmaking capacity to meet rising demand.
“We are encouraging our companies to acquire assets abroad, right from iron ore to coking coal to even limestone and dolomite,” Poundrik said at an industry event in Mumbai last Saturday. “Raw material securitisation is the most important aspect of steelmaking.”
