SAIL eyes higher market share on surging steel demand: Chairman
Armed with latest technologies and higher product mix, SAIL aims to tap big into the steel demand in India, which is projected to become “the fifth- largest economy” this year, its Chairman P K Singh said today.
Addressing the 45th annual general meeting of the state- owned Steel Authority of India Ltd (SAIL) here, Singh said the steel demand in India will witness a significant growth in future, given the current stage of development in Indian economy.
The World Steel Association, in its short range outlook, has forecast 6.1 per cent growth in steel consumption for India in 2017, the SAIL chief added. According to Singh, the domestic steel demand is improving on the back of government policies and developmental goals, and SAIL is expeditiously equipping itself to serve market requirements fully and claim a broader market share.