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Article Excerpt
LONG BEACH, Calif. -- Emerging steel giant India might be on the verge of a transformation that will have far-reaching implications in the United States, one of the country's leading steel experts said.
The time is right for the privatization of New Delhi, India,-based Steel Authority of India Ltd. (Sail), said Bharat Wakhlu, president of Tata USA, and the U.S. market should be prepared for additional impact from India during the next decade.
Consolidation of the Indian steel industry likely will continue and could be further sparked by the privatization of Sail, Wakhlu said at the India Steel conference in Long Beach co-sponsored by AMM and the American Institute for International Steel. The government-run...
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