Finance Minister Arun Jaitley on Monday said that the nation's steel sector needs to be strengthened and preserved, as consumption of the product will increase with the Indian economy growing.
Addressing a function here this morning, Jaitley said that adverse global cues in the steel sector are only a transient trend, and India has the strength to withstand global challenges.
He also said that iron ore mining capacity needs to be expanded to bring down raw material prices.
The challenges and crisis in the sector have to be dealt with appropriate solutions, he said, adding that the sector needs to be revived and its non-performing assets which are locked in with banks need to be activated.
Source: DNA India
- metaljunction »
- Metal News
Metal News & Events
METALJUNCTION PUBLICATIONS
Coal Insights (English) Monthly
Coal Insights is a ready reckoner for anyone associated with coal. This publication is aimed at tracking everything related to coal in India.
India Coal Market Watch(English) Monthly
ICMW is a one-stop source for all news, data and research pertaining to coal demand, consumption, stocks, spot- and long-term prices with respect to the Indian Market.
India Steel Market Watch (English) Monthly
ISMW is a brand new high-end steel market report, covering all aspects of the steel industry in India.
Steel Insights(English) Monthly
Steel Insights delves into various facets of the domestic and global steel industry such as market fundamentals, raw material price trends, price forecasts etc.