Introduction -- Issues facing the steel industry -- Policy problems -- Excess steel in the world -- Supply glut in India -- Producers and their product mix -- Who to promote, the integrated mills or electric furnaces? -- The demand failure of steel in India -- The myth of the s curve -- Metallic...

This paper explores the nature of exit barriers in the steel industry, their social and economic implications, and policy approaches to deal with exits and steel industry restructuring. Barriers to exit in the steel industry require attention due to their negative impacts on excess capacity....