India's steel demand is likely to jump by over 70% to 113 million tonnes by the end of the next Five Year Plan, with the infrastructure sector projected to witness investments worth USD 1 trillion. A panel, appointed by the Indian steel ministry to assess demand and supply of steel in the 12th Five Year Plan (2012-17), has estimated that steel demand would grow by 36 Mt during the period to 113 Mt in its final year. India's total steel demand stood at 65.61 Mt last fiscal year.
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