Union Cabinet today gave its nod to the National Steel Policy- 2017 which targets to achieve 300 Million Tonnes of steel making capacity by 2030 with an additional investment of ten lakh crore rupees. <br/><br/>The policy is aimed at increasing consumption of steel in major segments like infrastructure, automobiles and housing. <br/><br/>The new policy enshrines the long term vision of the government to give impetus to the steel sector. It is also intended to create self sufficiency in steel production by providing policy support and guidance to private manufactures, MSME and steel producers.