India to become 2d-largest steelmaker by ’15
Nov 28, 2012 | 12:00 PM
| Jagdish Kumar
MUMBAI, India India is expected to become the second-largest crude steel producer in the world by 2015 as the countrys construction, infrastructure, manufacturing and automotive sectors expand.
Global research and consultant firm Frost & Sullivan Ltd. said it expects Indias crude steel production capacity to hit 112.5 million tonnes in the 2015-16 fiscal year.
Capacity expansions planned by major steel producers, the availability of a large consumer base due to Indias demographics and adequate iron ore reserves to meet domestic demand are among the key factors driving growth, according to a Frost & Sullivan report.....
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