New Delhi: India is being seen as a bright spot for the growth in global steel production, supported by government’s push to augment capacity and demand from the construction, automotive and infrastructure sectors. Tata Steel Ltd and Steel Authority of India Ltd (SAIL) would drive the steel output growth, according to a report by BMI Research. India's steel output grew by 7.4 per cent year-on-year in 2016, and is expected to reach an average annual growth of 8.9 per cent between 2017-2021.The steel output has been estimated to grow to 128.6 million tonnes (MT) in 2021 from 88.4 MTs in 2017 and the share in global output would rise to 7.7 per cent by 2021 from 5.4 per cent in 2017.
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