India's steel to tread high, to touch 10 pc growth

摘要

As soon as the effects of global economic slowdown are over, the steel demand in the country will soon see a growth of 10 per cent, according to steel secretary P R Rastogi. During July the country's steel production grew 5.9 per cent and the consumption grew 8.9 per cent. During the April-July 2009 quarter, production grew 3.8 per cent while consumption grew by 5.8 per cent. The government has emphasized on the need for raw material security and has so far allocated 12 coking coal and 51 non-coking coal blocks, thereby ensuring 2,700 million tonnes and 7,000 million tonnes of non-coking coal for captive use by the steel industry.