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Lakshmi Mittal has been engaged in a year long battle to acquire a $5.9 billion insolvent steelmaker owned by the Ruia's Essar Group.
Timber is becoming more cost competitive as steel prices rise, and the use of pre-fabricated wood panels allows for quicker construction with less labor.
India is set to overtake the US as the world’s second-largest consumer of steel, and companies including Posco and ArcelorMittal are keen to tap this market.
JSW Steel is betting that vibrant growth will underpin demand in overseas markets and complement a boom at home.
Firms such as HEG, Graphite India and Finolex have benefited from China’s pollution control measures.
Billionaire Lakshmi Mittal’s ArcelorMittal will challenge the eligibility of the VTB-led Numetal Ltd. group in bidding for Essar Steel India Ltd.
With its financial health still far from impressive, the steel ministry has put the PSU on a tight leash.