Posted by: qmaxim | October 14, 2009

Steel production irreversible move to developing countries?

I came to know  recently that India has emerged a 3rd largest Steel producer in the world.
My impression was that it was  in the 5th place.
Yesterday, I came across an article which said that in fact according to SAIL (steel authority of India- govt. run largest producer of Steel) India is likely to emerge as the 2 or 3 rd largest producer of Steel in the world in next few years. Of Course, China is in the  number one position. May be we are seeing gradual but complete shifting of all the smoke stack industries from industrial world to developing world which will have far reaching consequences….
Read on..

India to be among the top three steel producers: SAIL 25 Jun 2009, 1848 hrs IST, PTI
RANCHI: India is poised to occupy the second or third position in the world’s steel industry, the Steel Authority of India (SAIL) said here on Thursday.
“Two years back we were the third largest producer in the world steel industry. While world steel industry is going through a turbulent period, we are still growing and are poised to occupy the second or third position in the years to come,” SAIL Chairman S K Roongta said.
In 2008, India was the fifth largest steel producer in the world.
“In fact, in the period January to May India has already become the third largest producer. It speaks of our performance and industry,” Roongta said while speaking at the 47th foundation day of the SAIL’s Management Training Institute.
Former President A P J Abdul Kalam was the chief guest at the function.

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