Boosting demand: An employee works at a steel production line of the Jindal Stainless facility in Hisar, Haryana, India. The country’s steel-making capacity is currently about 200 million tonnes per annum. — Reuters
THE rise of India’s steel sector is touted as a boost for iron ore miners seeking to find new markets as China’s output eases, but the reality is likely to fall short of the hype.
India’s steel-making capacity is currently about 200 million tonnes per annum and the South Asian nation has ambitious plans to reach 300 million by 2030.
