Today the steel industry in India was growing faster than our economic growth; The steel industry is growing at the rate of around 9-10 per cent while our economic growth rate is around 8-9 per cent, India at present ranks as the fourth largest producer of steel.
The country has set targets to produce 100 million tonnes of steel by 2012-13 and 200 million tones by 2020, while emphasizing the need to develop technology to improve the quality of minerals including iron-ore and coal, as import costs have been raising.
Companies strongly advocated for systematic approach for sustainable growth of steel industries in the country, as the demand for mineral resources including iron ore would grow manifold with the expansion of steel sector.
Unitedworld Executive.
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