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Print[Ferro-Alloys.com] Indian Steel Minister Beni Prasad Verma said this Tuesday that India is expected to become the 2nd largest producer of crude steel in next couple of years on the back of new steel projects and expansion plans such as ongoing Greenfield and Brownfield.
Verma said to press that the country had impressive growth rate of 7% in steel production during 2011 and 2012, now as 4th largest steel manufacturer in the world and is expected to reach 200 million tons per year by 2020.
However, the Minister said it is needed to sourcecoal, iron ore from other countries to secure availability of the strategic raw material, although there is abundant reserve within the country.
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