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Last one year has been eventful for the industry from the market dynamics point of view. Experts feel that in next 2/3 years half of the world demand for steel will eliminate from the Asian countries like India, Malaysia, Philipines, Indonesia, China, Japan etc.

This region consists of mainly developing countries where need for infrastructure-development is going to be prominent. Thus the steel demand is going to be growth intensive. The region though has witnessed the economic crisis in the recent past has made up the lost ground. Now they are poised for fast growth.

All these factors will have lasting effect on the steel industry and needs to be evaluated in the changing scenario.