30% CRGO steel shortage in India's power sector, mainly due to low domestic production and delayed license renewals.

India's power sector is facing a 30% shortage of Cold-Rolled Grain-Oriented (CRGO) steel, critical for transformers and motors, as reported by the Global Trade Research Initiative (GTRI). Domestic production meets only 10-12% of demand, leading to heavy reliance on imports, complicated by delayed license renewals from the Bureau of Indian Standards. GTRI calls for a review of import processes and increased local manufacturing to support India's energy goals.

October 28, 2024
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