BMI Research Report Says Tata Steel, SAIL Likely to Drive Steel Output
Shital Jibhe / 09 Jun 2017
"The government has been spearheading the push towards capacity boost in the steel production sector, with upgrades being made to existing steel mills and the state-owned companies stepping in to build new steel plants," the report said.
As per a report by BMI Research, a Fitch group company, India is being seen as a 'bright spot' for the global steel production growth as a result of government’s boost to the sector as well as rising demand from the infra, automotive, and construction sector, said a report by BMI Research, which is a Fitch group company.
Steel majors such as Tata Steel and SAIL were likely to steer the output growth of the sector, according to the report.
"The government has been spearheading the push towards capacity boost in the steel production sector, with upgrades being made to existing steel mills and the state-owned companies stepping in to build new steel plants," the report said.
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