India to be 2nd-largest steel producer by 2013: minister

"Currently, India has the fourth-largest steel sector in the world, both in terms of capacity and production. By 2013, India will be the second-largest steel producer in the world. It is estimated that India will have a production capacity of 120 million tonne," Verma said at an Assocham event here.

India's production capacity currently stands at around 80 million tonne and the minister said the capacity was expected to rise to over 150 million tonne by 2020. The steel-making capacity of the country was just 51 million tonne in 2006.

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