India is poised to occupy the second or third position in the world's steel industry, the Steel Authority of India (SAIL) said here today.
"Two years back we were the third largest producer in the world steel industry. While world steel industry is going through a turbulent period, we are still growing and are poised to occupy the second or third position in the years to come," SAIL Chairman S K Roongta said.
In 2008, India was the fifth largest steel producer in the world. "In fact, in the period January to May India has already become the third largest producer.
It speaks of our performance and industry," Roongta said while speaking at the 47th foundation day of the SAIL's Management Training Institute. Former President A P J Abdul Kalam was the chief guest at the function.
