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    Use of newer technology to boost efficiency of Indian steel industry

    Steel manufacturers in both the public and private sectors have embarked on major modernization and expansion drives that will lead towards incorporation of newer technologies, increasing both output and efficiency. This was stated by Minister of Steel, Beni Prasad Verma, while replying to a question in the Rajya Sabha recently.

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    Challenges faced by Indian Steel Industry

     The Indian steel industry is one of the most promising industries in the country and across the world. Consumption of steel is an important indicator of economic progress of any country; it increases with an increase in demand for infrastructure, automobiles, transportation, etc. India is blessed with a rich bed of iron ore and steel in mainly eastern parts of the country like Orissa and West Bengal, which contribute to more than 70% of the total steel production.

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    Indian steel sector to grow strongly in 2012 and 2013: World Steel Association

    Steel consumption in India will resume its strong growth trends in 2012 and 2013 after the relative slowdown in 2011, according to forecasts released by World Steel Association recently.

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    Indian stainless steel industry - Some policy initiatives for it robust growth

    The per capita consumption of steel in India is between 1.2-1.5 kg only when compared to a global average of about 7 kg. Policy initiatives by the government are necessary in order to boost consumption and give impetus to the industry.

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