The Indian steel industry has registered an average growth rate of more than 10% CAGR in output in the last five years. Steel consumption has maintained a growth rate of 10%.
The government has proposed nine structural changes. One of the major changes it aims to bring in is redefining the norms of exploration for auction of mineral blocks to ensure a seamless transition from exploration to production..
Rating agency ICRA has revised its non-ferrous metals sector outlook to positive from stable on the back of robust prices and improving demand despite a near-term concern of coal availability.