India's thriving steel market not a pipe dream

Workers handling an iron pipe at the wholesale steel and iron market in Mumbai, India, late last week. Indian steel imports in the first two months of the fiscal year, starting April 1, jumped 55 per cent to 1.67 million tonnes, according to data fro
Workers handling an iron pipe at the wholesale steel and iron market in Mumbai, India, late last week. Indian steel imports in the first two months of the fiscal year, starting April 1, jumped 55 per cent to 1.67 million tonnes, according to data from the federal Steel Ministry's Joint Plant Committee.PHOTO: BLOOMBERG

Workers handling an iron pipe at the wholesale steel and iron market in Mumbai, India, late last week. Indian steel imports in the first two months of the fiscal year, starting April 1, jumped 55 per cent to 1.67 million tonnes, according to data from the federal Steel Ministry's Joint Plant Committee.

A version of this article appeared in the print edition of The Straits Times on July 07, 2015, with the headline 'India's thriving steel market not a pipe dream'. Print Edition | Subscribe