Indian Steel Industry Present & Future Outlook

摘要

The existence of a strong steel industry characterises the industrial economy of a country. A vigorous and competitive steel sector signifies strong industrial base and economic growth of the nation. Contributing to nearly 3 per cent of the GDP of India and generating over 2.1 million jobs, the Indian steel sector is a blooming industry in line with other key economies. The infrastructure segment is India's largest steel consumer followed by sectors such as automobiles, manufacturing, consumer durables, etc. India, the manufacturer of the world's longest and cleanest rails is also the fourth largest producer of crude steel in the world. The eountry looks forward to take the position of the second largest crude steel producer by 2016.