Opportunity to widen global market share: Oil minister

NEW DELHI: Union steel minister Dharmendra Pradhan on Monday urged India’s domestic steelmakers to ramp up their production in order to target a larger global market, especially in the context of the ongoing coronavirus outbreak.

India is currently the second largest steel producer in the world with an annual output of over 106 million tonne (MT), but it trails a long way behind China which leads the market accounting for 928.3 MT of the alloy in 2018.