The Industrial development of any country is estimated by the amount of steel consumed by it. Asia has always been the leader in world steel consumption. It is believed that by 2003, around half of the world steel demand will be generated in Asian markets. The Asian region comprises of developing countries where infrastructural development is on the forefront of the agenda. The other steel consuming sectors like auto, white goods etc, also view Asia as the fastest growing market, thus further strengthening steel demand. Though the region witnessed a setback when economies of some of the South East Asian countries faced currency crisis, most of the lost ground is made up and these countries are again on fast recovery track. All this makes Asia the most favoured destination for not only to steel makers but to all the allied businesses too.