Touch News
Crib death for ultra mega steel plants
The Union government has scrapped its plan to promote Ultra Mega Steel Plants (UMSPs). Each plant was expected to have a capacity of 10 million tonnes per annum (mtpa). The idea was to give a big boost in the effort to meet burgeoning demand in Asia’s third-largest economy.
This comes when the sector is slowing, with low demand, a halt in commissioning of new projects and a severe raw material
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