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4:03 PM (WED): India to be 2nd largest steel producer by 2013 : Steel Minister

Mumbai, July, 27 (EPC News): Steel Minister Beni Prasad Verma anticipates India to be the world’s second largest producer for alloy by 2013, with an installed annual production capacity of 120MT.

"Currently, India has the fourth largest steel sector in the world, both in terms of capacity and production. By 2013, India will be the second largest steel producer in the world. It is estimated that India will have a production capacity of 120 MT," informs Verma.

India's production capacity currently stands at around 80 MT and the minister said the capacity was expected to rise to over 150 MT by 2020.

EPC News Bureau

Posted by: epcworld | Posted on:7/27/2011 at 12:35 PM

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