India is the third largest steel producer in the world after China and Japan and has an installed capacity of about 131 million tonne (mt) at present. It produced 101 mt of steel in FY2017 and consumed 84 mt during the same period.
Tag: Steel Producer
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SAIL to expand global footprint
Steel Authority of India (SAIL) is in talks with Nippon Steel, Sumitomo Metal Corp and Kobe Steel for potential technical agreements to help it expand its global footprint. SAIL may also consider buying troubled domestic steel firm assets if offered a cheaper price.
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A Visionary
CP Gupta, the Managing Director of Ambica Steels Ltd, is a self-made man who re-established the brand Ambica in the year 1995. Under his able guidance, over the past 25 years, the company has gone from strength to strength.