WORLD NO 2 STEEL SPOT ELUDES INDIA--As steel demand and production pick up in the West, India back to being No 5 producer

摘要

The government's target to double the country's steel capacity is nowhere in sight, A faster than expected recovery in steel demand and production in the West has made India slip down to number five from number three last year in the global rankings of steel producers. The new steel minister, Beni Prasad Verma, while agreeing that India is the world's fifth largest steel producer, has said with a targeted production capacity of 120 million tonnes by 2012, the country is expected to become the second largest steel producer very soon. From where the enhanced capacity would come in the next one year is a pertinent question.