Global steelmakers line up ambitious ?3 lakh crore worth of projects in India

Global steelmakers have lined up projects worth an ambitious three lakh crore rupees in India — a striking vote of confidence in the country as the world's principal growth market for steel. If executed, the pipeline means years of construction demand and a step change in raw material pull, from iron ore and coking coal to ferro alloys, much of it concentrated in the eastern mineral belt. For every supplier in the chain, the question is readiness: capacity announcements of this scale reset medium-term demand planning.