p a r t 1 editorial the steel industry has historically been subject to marked ups and downs with fluctuating prices profitability thus production not consistent for last few years no doubt it led restructured capacities in many countries have now resort subsidy maintenance of excess uneconomical capacity oecd organization economic cooperation development overseen an initiative forge agreement involving 40 that will reduce eliminate subsidies which remove trade restrictions this is going be useful india whether imports or exports present policies government are promote export as much possible installation over 150 million tonne by 2020 likely make quantum jump domestic markets more less constant 6 months indications end november 2006 may increase due increased demand again informed unless they diversified survival induction furnace become difficult after next 3 4
