Steel Demand in India may double in five years

Demand for steel in India may double in five years, while for non-ferrous metals such as copper and aluminum it may grow at twice the pace, according to Kunal Shah, head of commodity research with Nirmal Bang Securities Pvt. in Mumbai. The economy will probably expand 8.6 percent in the year to March, the most in three years, the government’s statistics office said Feb. 7.