Tata Steel: India to become major steel exporter
According to Mr. Prabhat Kumar, the Chief of flat product marketing of Tata Steel, India is becoming a net exporter of steel from the present position of an importer in the coming 10 years as production of the metal will exceed domestic consumption.
He added that the total production is projected to be around 167 million ton by 2020, domestic consumption is forecasted at around 147 million tons in the time frame.
India has produced around 70 million tons of the steel this year and is expected to add another 10 million tons before year end.
News Date 23 Nov 2011 15:24:10 reported by Ren Jhuang