Last year in September, the steel industry saw ArcelorMittal acquiring a controlling stake in Uttam Galva and changing the fate of the company, this year’s December has seen something similar with JSW steel acquiring a major stake in the debt-laden Ispat industries Ltd.

Both these deals have now more or less become a benchmark for the industry by setting examples of growth as a whole rather than just the organic growth. This is expected to become a trend in the steel industry.

JSW is all set to clinch the number one spot in steel production beating SAIL as its combined capacity after Ispat’s 3.3 million tonnes included will become a whooping 11 million tonnes.

It will also beat other private sector majors like Tata Steel and Essar steel with capacities of 7 and 8 million tonnes respectively to be at the number 1 spot. The company has been planning further expansions as well which will be taking the company’s production to 14.3 million tonnes beating the government major SAIL at 13.5 million tonnes also by March end.