Donald Trump's steel plans hold out hope for India

Steel makers say use of local steel in govt-funded projects could come as a big relief for them

India’s nearly $150-billion information technology services industry is upset that the US may limit visas for skilled workers. The US is the source of 60 per cent of the industry’s revenue and Indians a year ago got two-thirds of the total H-1B visas issued. The visa uncertainty under the new Republican administration has led the National Association of Software and Services Companies to moderate the industry’s growth outlook for the current year. 

In contrast, to the delight of Indian steel industry, which found to its dismay imports commandeering most of local steel demand growth during 2014-16, President Donald Trump spoke at