Scenarios for the Indian iron and steel industry

Iron and steel is a key industry in the Indian economy. The author looks at the prospects into the next century and the options facing the industry over the next two decades. New capacity will have to be undertaken but it will undoubtedly be difficult to fund this without external assistance and without diverting resources from other areas. Thus it will be necessary to plan for technological innovation to achieve production objectives, and such technology must be developed in India, or imported and adapted to suit indigenous conditions.