Steel makers have sought the intervention of Prime Minister's Office to establish parity between coal and non-coal block auctions
Most of the producers said they were exporting more to bring down the inventory
"The immediate plan is to own eight to nine rail rakes. This will be done in the next one year through Tata Martrade International Logistics (TMILL), our subsidiary," says Tata Steel CEO
The plant produces heat-resistant steel rods and soft magnetic stainless steel rods as per customer requirements
Plan to build 19.5 mn rural houses over next three years will also strengthen steel consumption, ratings agency says in its Budget analysis
The Union Minister emphasised that steel industry plays a key role in fostering socio-economic development of a country