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2022
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08
ZZ Exhibiting in India's MMMM EXPO
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ZZ exhibited in the MMMM (Minerals, Metals, Metallurgy, Materials) EXPO in New Delhi, India from 25th to 27th August 2022 to show its advantages and strength in the engineering and manufacturing of complete hot rolling projects, which has drawn wide attention from interested customers and many inquires from them.
ZZ exhibited in the MMMM (Minerals, Metals, Metallurgy, Materials) EXPO in New Delhi, India from 25th to 27th August 2022 to show its advantages and strength in the engineering and manufacturing of complete hot rolling projects, which has drawn wide attention from interested customers and many inquires from them.
As one of the fastest growing economies in the world, India is expected to have a 6.4% economic growth in 2023-2024 according to Reserve Bank of India. India is also considered one of the world’s most promising steel industry centers and has become the world’s second largest steel producer in 2018. It reached a total of 124.7 million ton of crude steel in 2022 while keeping a leading role in the global production of DRI and sponge iron. It is estimated that India will invest 20 billion USD in the next three years for its fast-growing steel industry and nonferrous metal sectors.
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Indian Prime Minister Narendra Modi said in October 2022 that his administration had set the target to double the output of crude steel from its current 154 billion tons per year to 300 billion tons per year in the following 9 to 10 years.
Note: Due to the COVID-19 pandemic in 2022, ZZ had to entrust an exhibition company to represent it in the MMMM EXPO. The picture here was taken in 2016 when ZZ was also a participant in the MMMM EXPO.
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