Iran At Worldsteel-46 Confab In Delhi

New Delhi, Oct 7, IRNA – Fereidoun Ahmadi, President of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), will represent Iran at Worldsteel-46 conference on October 8-12, 2012 in New Delhi. Beside Iran, all the CEOs of leading steel producers will attend the conference, organized by Steel Authority of India Limited (SAIL). In the light of the emerging importance of India and the country being the next growth area of the steel industry, the governing body of the World-steel Association representing 170 producers and accounting for 85 per cent of world steel production, has decided to hold World Steel 46 in India. The Indian Steel Industry has grown multi-fold, from a production of about 2 million tons of crude steel in 1950-51 to nearly 70 million tons in 2010-11. The views expressed by the global steel barons would go a long way in making steel industry more sustainable, in the backdrop of the world economic uncertainties and volatility in the recent past. In 2012, it is forecast that world steel demand will grow further by 5.4 percent./end