"Luckily for us in the steel industry, this government is trying to take steps to revive these sectors." China, the world's largest steel maker, produced about 834 million tonnes (mt), nearly 300mt higher than its domestic demand. This expansion programme is set to increase the production capacity of the steel maker to 20mt by 2018 from 14mt. Singh took charge of SAIL at a crucial time for the steel maker, which has started suffering losses after a long period of profit. "Steel demand has to be pushed up, we have one of the lowest steel demand per capita, the only way to do that is to push demand for infrastructure, construction, automobiles and capital goods, which are all steel-intensive," Singh said.

Source: The Telegraph May 16, 2016 00:28 UTC