India to become 2d-largest steelmaker by ’15

Nov 28, 2012 | 12:00 PM | Jagdish Kumar

Tags  India, steel, coking coal, Frost & Sullivan, Venkatesan Subramanian, Jagdish Kumar

MUMBAI, India — India is expected to become the second-largest crude steel producer in the world by 2015 as the country’s construction, infrastructure, manufacturing and automotive sectors expand.

Global research and consultant firm Frost & Sullivan Ltd. said it expects India’s 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 India’s 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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