ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Indian Steel Industry Need for New Approach

intensive appliances towards electronic appliances. Also, a good deal of research and development activities are going on so that a greater share of capital spending is devoted to economic activities that require less and less steel per unit of value than more traditional investment outlets.2 Given the inherent uncertainty of demand estimation, lumpiness of investment and compulsions of technology dictating certain minimum scales of opera- tion, prudence would lie in erring on the side of caution in taking major investment decisions in the steel sector.

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