Union Steel minister sees Rs 60,000 crore investment and production doubling by 2020, and then there is talk about mass defaults?? China continues to dump but India was the only country that grew steel production last year. How does that work!

Not sure. The cause of comfort is that most of the Rs 300,000 crore gross NPAs in the sector can be saved through higher demand, new technologies, use cheaper indigenous raw materials, and new plants to fill the demand-supply gap for specialist steel, etc.

Steel industry owes Rs 3,00,000 crore to banks - The Economic Times