POST Online Media Lite Edition


Nepal now self-sufficient in iron and steel materials

Staff Writer |
Kathmandu Post reported that Nepal has become self-sufficient in iron and steel materials due to increased production from old players who have been expanding capacity and new players joining the business, domestic iron and steel manufacturers have claimed.

Kiran Saakh, vice chairman of Nepal Steel Rolling Mills Association, said that the annual demand for iron and steel currently stands at around 2 million tonnes and domestic producers are supplying the required quantity in the market.

New investment in the industry is a result of increased development works, boom in the construction of houses and commercial buildings, producers said, adding that iron and steel demand has been increasing by 10 percent annually.

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