In 2006, India produced 50 million tonnes of crude steel and was ranked the 5th largest steel producer in the world. The industry is growing very fast and in all likelihood India will attain the 2nd place, next to China, by the middle of the next decade. The National Steel Policy, 2005 projected a production of 110 million tonnes by 2019-20. Subsequent estimates however, reveal that India's production would surpass this projection. According to a recent analysis in the Ministry of Steel, it is found that the 100 million tonnes mark would be achieved much earlier, by 2011-12 itself. Going by this expansion mode, India's production by 2020 is projected at around 200 million tonnes.
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