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Steel sector to be strengthened to meet rising demand: FM

Adverse global cues are only transient trends, India has the strength to withstand global challenges, the Finance Minister said.

The steel sector needs to be strengthened as consumption will increase with rapid growth in the Indian economy, Finance Minister Arun Jaitley has said.

Adverse global cues are only transient trends, India has the strength to withstand global challenges, the Finance Minister said.

The world is passing through some very challenging trends. For India, challenges are created by external factors, he added.

The biggest NPAs with banks belong to the steel sector, Jaitley said.

Iron ore mining capacity needs to be expanded to bring down raw material prices, Jaitley said.

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