India is set to pip Japan to become the world's second biggest steel company by December this year, an official of Indian Institute of Metals (IIM) said.

India is set to pip Japan to become the world's second biggest steel company by December this year, an official of Indian Institute of Metals (IIM) said.

India is set to pip Japan to become the world's second biggest steel company by December this year, an official of Indian Institute of Metals (IIM) said.

"India is likely to leave Japan behind and become world's second largest steel company by December 2016," IIM Delhi Chapter Chairman KL Mehrotra said in a statement.

Nonetheless, what needs to be deliberated is will it be the greenfield or brownfield projects that'll help India attain the challenging 300 million tonnes objective, included Malhotra, who has served as chairman and managing director of state-run manganese miner MOIL.

"Never to forget the steel for strategic sector - defence creation, including naval warships, frigates, nuclear reactors and ISRO's space vehicles. India is apparently importing nearly of all this specific demand by now," he added.

IIM is organising the 11th version of Minerals, Metals, Metallurgy and Materials International Exhibition and Convention (MMMM 2016) in the national capital next week.

More than 300 exhibitors from 25 countries, including China, France, Germany, Russia, UK and US, will participate in the function.

MMMM 2016 is co-sponsored by Ministries of Steel, Mines, Earth Sciences, External Affairs, Trade and Industry, Heavy Industries and Public Enterprises and Micro, Small and Medium Enterprises, besides the Council of Scientific and Industrial Research (CSIR).