Steel output likely to grow 37% by 2020: Report
India's steel output is expected to grow by 37.1% from 92.7 million tonnes (MT) in 2016 to 127.1 MT by 2020, a BMI Research report said. The country's global share in steel production is reportedly expected to rise from 5.8% in 2016 to 7.8% in 2020. Notably, India is the world's third largest producer of steel, behind China and Japan.