India on track to become top global steel producer: Report

India on track to become top global steel producer: Report

India as a steel bright spot is highly encouraging and is on track to become a top global producer, says an industry body. According to the latest report from BMI Research, demand from construction, automotive and infrastructure industries continues to accelerate. The report has put down the sector’s success to the government’s push to raise capacity in order to meet demand from construction, automotive and infra sectors, said the Steel Users Federation of India (SUFI) in a statement today. SUFI President Nikunj Turakhia said, “In recent years, the Indian steel industry has showcased a progressive output trend y-o-y.” Read more

Credits:financialexpress.com

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