| Date: |
27-06-2011 |
| Subject: |
India To Turn Exporter Of Steel: Survey |
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NEW DELHI: Steel imports may be a thing of past, as the domestic industry is set to add around 30 million tonnes (mt) capacity over the next 18 months, making the country self-reliant and putting it in net exporters' league, says an IDFC Securities survey.
The proposed capacity addition would outstrip cumulative 9.5 mt demand growth and net import substitution of around 5 mt over the next one and a half years, the survey said.
Steel export from India is likely to be around 5 mt in FY13.
Source : economictimes.indiatimes.com
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