Indian economy is poised to grow much faster in 2015. Development, reforms and infrastructure are perceived to be ready to take the centre stage. With economy expected to return stronger growth, steel demand is expected to be higher to around 5% in the year 2014-15 and potentially around 10% in 2015-16. Leading steel producers in India expect to raise production with steel prices to remain stable in 2014 backed by moderating raw material prices.
It is time that the world returns and takes note of India, one of the “Breakout Nations” redeeming its rightful glory as it is poised to move to the next orbit of growth.
Against this backdrop, Gujarat NRE and The Economic Times present Global Steel 2014, the Ninth International Conference on Steel and Steel Making Raw Materials from 21st to 22nd November 2014 at ITC Maratha Hotel, Mumbai. After three years of success at New Delhi, the political capital of India, Global Steel 2014 has now shifted to Mumbai, the business capital of the country to sense the changing business sentiments.
Steel has the capacity to ignite an economy. Steel being the building block, recovery hence would be scripted through increased steel consumption and demand. It is with this belief that the theme of Global Steel 2014 is “Steeling the Recovery”.
