Higher demand from the domestic as well as export markets will drive growth for Vardhman Special Steels
The move will give the company an early lead among peers as scrap generation increases in the Indian economy, which is also the fastest growing steel market in the world.
Good quality coking coal supply will remain scarce in the next few years and will support steel prices, Tata Steel group director of procurement, Kees Gerretse told Reuters on Wednesday.