Nepal Steel Industry: Present Scenario and Way Forward

Nepal’s steel industry has been exhibiting a constant growth in recent years. With a steel demand of roughly 2.5 mn t pa, the country has been focusing a lot on reconstruction. The country’s construction sector is said to contribute 10-11% in its GDP. With upcoming infrastructure and power transmission & distribution projects, steel demand in the country is likely to gain momentum. Nepal imports nearly 1-1.5 mn t semi-finished steel and 1 mn t finished steel annually (both flats and longs) with India being the largest supplier with a share of ~95%.

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Key points of discussion

  • To gauge the current scenario of Nepal’s steel industry and impact of COVID
  • To discuss on the challenges faced by domestic steel mills – electricity, quality issues, skilled manpower etc.
  • Outlook on steel prices, production and domestic demand
  • To understand the future of raw material demand and supply scenario
  • Will demand for sponge iron imports in Nepal increase in the near term?
  • To learn about the new opportunities/expansion plans in steel sector in Nepal

Time: 02 Sept (Thu) 13:00 hrs

Esteemed Panellists:

  • Mr. Pradeep Kumar Shreshtha – Managing Director – Panchakanya Group, Nepal
  • Mr. Anurag Sharma – Director & Business Head at Jagdamba Steels, Nepal
  • Mr. Sanjay Agarwal – Joint Managing Director, Shyam Metalics and Energy Limited, India

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