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Indian steel sector holds strong growth potential
March 22, 2013March 22, 2013by In Materials

Indian steel sector holds strong growth potential

Brazilian steelmaker Gerdau SA hopes that the Indian steel sector may grow sizeably given the current low per capita consumptions in the domestic market. In view of the opportunities in the domestic market, the company plans to expand its footprint in India and it is in active talks with a few Indian steel companies for acquiring either majority stake or entire stake. But it is not know