India’s minister of steel Mr Beni Prasad Verma congratulates Indian steel industry on best growth

India’s minister of steel Mr Beni Prasad Verma congratulated the Indian steel industry on being the number one in terms of growth rate in steel production amongst the top ten steel producing countries.

Congratulating the Steel Industry he said, “I take pride in announcing that the growth rate achieved by India is five times the world average growth rate of steel. I congratulate the industry stakeholders on achieving this feat and sustaining this remarkable growth.”

Further exhorting the industry to step up its performance Mr Verma said, “Today, India is the 4th largest steel producer in the world. It is my dream to see India become the second largest in the world. All the main and major Public and Private sector steel plants must gear up to achieve this goal in the coming years.”

During April to November’12, the Indian steel industry achieved a growth rate of 5.36% which was the highest in the world. During the said period China stood third with a growth rate of 3.36%. The World’s Average growth rate of steel was just 0.97% during this period.