BUSINESS

Why steel is a hot commodity in India

By Commodity Online
May 15, 2008 15:08 IST

India's steel industry is surging ahead, entering into global deals and taking the country's economy to new heights. The Indian government plans to invest over $350 billion in steel industries related to infrastructure and construction.

The Indian government estimates that steel production would grow at a CAGR of 16 per cent to touch 124.06 MT by 2011-12. India's steel production capacity is estimated to be 200 MT by 2020.

Following are some of the major steel sector plans currently in underway in India and abroad:

Commodity Online

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