China’s vast steel production—exceeding one billion tonnes annually—continues to challenge global market stability and pressure Indian producers. With low-cost exports driven by state support and large-scale production, China dominates over half of the world’s steel output.
In comparison, India’s steel capacity of around 160–170 million tonnes remains modest, and higher raw material and energy costs make Indian products less competitive. The influx of cheaper Chinese steel has created pricing distortions, directly impacting domestic profitability.
Amid this global imbalance, Bokaro Steel Plant, one of the key units under SAIL, stands out as a strategic asset requiring accelerated investment and modernization. Experts emphasize that clearing pending investment proposals for Bokaro on priority will enhance its efficiency, cost competitiveness, and ability to meet future demand.
With the National Steel Policy 2017 targeting 300 million tonnes of capacity by 2030, timely funding and technological upgradation at major plants like Bokaro will be crucial for India to strengthen its position and withstand the continuing impact of Chinese steel overcapacity.
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