"The steel sector in India is more than a century old, and contributes significantly to the economic development of the country due to rising demand by sectors such as infrastructure, construction, automobiles and a host of manufacturing and processing industries .Consumption of steel is an important determinant of the socio-economic development of the country. India is the fourth largest producer of crude steel and third largest consumer of steel. India is the largest producer of Direct Reduced Iron (DRI) in the world. Around 0.5 million nos. of employees are engaged in Iron and Steel Industry. This is likely to go upto 1.5 million nos. (Direct) by 2030, when the installed capacity reaches at 300 mt. from the current level of 104 mt "

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