外文标题：Modi's 'Make in India' push to depend on Chinese steel
NEW DELHI: India's steel consumption is expected to grow at its fastest pace in five years next year on Prime Minister Narendra Modi's infrastructure push, but a scarcity of raw materials means it will be at the expense of another key goal — curbing imports.
In his triumphant election campaign, Modi criticised the last government for exporting iron ore but importing steel. But his first five months as the Prime Minister has coincided with a surge in imports of both, denting his high-decibel drive to make India an export powerhouse.
India's steel imports from China, the world's biggest producer of the alloy, doubled in April-September from a year ago though the country has enough capacity to meet its demand.
While India's consumption is expected to rise, China will continue to see a downtrend, likely leading to a flood of cheap steel from China just as Modi pushes ahead with a signature 'Make in India' initiative to boost industry.
How come China can SELL the Steal much lower price than India... surprising part is, including the shipping..!
chinese wil import iron from india and then export steel to india, with much better cost advantages... why not indian companies build steel at comparable prices?
Ravie Gupta (Chandigarh)
Steel producers should be competitive to the world. Also India should protect to some extent so that imports should not surge to hit Indian Steel Industry.
what an irony! we have supplied them the iron ore from Karnataka and are purchasing the steel from them at a higher price!
Indian producers should their prices...
Manuj Khurana (Unknown)
These improvements will take place gradually.. All of a sudden if you want to see a change.. that's not gonna happen!!!
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K F C (Unknown)
Wherever the steel comes from, there should be tough quality checks. If there are no proper quality check infrastructure (public infrastructure and residential buildings), builders and contractors would use this cheap steel to boost their profit margin risking precious lives, irrespective of whether a psuedo-nationalist government is at helm or pseudo-secular.
Demand rises 3.4%, that's actually very slow for a developing country.
Vithalbhai Bhavsar ()
not necessarily correct- global inputs are equally important