With US$ 1 trillion of infrastructure investments expected over the next five year plan (FY12-17), demand for steel in India is expected to see a spike. As today's chart of the day shows, steel demand is likely to jump by over 70% to 113 million tonnes (MT) by the end of the next Five-Year Plan. The Planning Commission has made this projection based on an expected GDP growth of 9%. The good news is that most of this demand is expected to be met by domestic steel producers. India's domestic steel producers are slated to add 40 MT of additional capacity during the 12th Plan.


Source: Business Standard  source; Shri J Mulraj