Boston, MA -- (SBWIRE) -- 01/09/2014 -- India is set to become a major consumer of metals over the coming years as the government makes pertinent efforts to improve the level of infrastructure in the country. That said, major roadblocks concerning the availability of raw materials and institutional weaknesses will continue to hinder growth in the metals industry.
In contrast to the dimming outlook in major steel-producing countries, we believe India's steel sector is on track to become a steel powerhouse over the long term. While steelmakers in countries such as China, US and Germany are struggling to cope with persistent overcapacity and sluggish steel demand, the fortunes for Indian steelmakers are vastly different.
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