Tata Steel has said that the Government's focus on infrastructure and urbanization plan will boost the demand for steel, which is currently low in the country.
Commenting on the issue, Tata Steel Managing Director (India and South East Asia) T V Narendran told the media, “The demand for steel in the country is poised to grow as the market demand is positive due to government initiatives to invest in infrastructure, airport, road and its urbanisation plans like smart cities.”
“India has the capability to grow by 7 to 8 per cent and the demand for more investments in infrastructure, airport, road and the Government's urbanization plan would help grow the demand for steel,” he added.
The MD further added that besides India, the demand of steel was certain to grow in South East Asia, Mexico and Turkey and advocated a level playing field to face the issue of dumping from countries with surplus capacity like China, Korea and Japan and compete with world players in the sector.
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