The Indian steel sector is now keen on the Union gov-ernment an-nouncing interest subsidy on housing loan, as the slowdown in the realty sector owing to the global meltdown had a major spillover effect on steelindustry. Sushim Banerjee, SAIlL's executive director (commercial), said 50 percent of India's steel con-Sumption goes to the housing and infrastructure sector. So thesteelindustryislookingfor-ward to the housing and the infrastructure sector to recover. Aspecialfinancing package for the infrastructure sector too would help the steel industry, Banerjeesaid.
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