What is the future of the steel industry?

In an industry infamous for its cyclic nature and a history of rise and fall of economies pivoted on steel, Tata Steel has managed to adapt itself to every circumstance, including challenges of rapid technological change, to retain its strategic dominance in the Indian market and to finally evolve into an multinational with aspirations for a global positioning. Tata Steel's antiquity dates to the time when it used to supply special steels to the Allied Forces for manufacturing rails, combat helmets and jerry cans.