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'Tata Steel ranked world's best'

Tata Steel has been ranked as the best steel making company in the world by the World Steel Dynamics Inc, USA.

india Updated: Apr 01, 2006 12:18 IST

Tata Steel has been ranked as the best steel making company in the world, for the third consecutive year, by the World Steel Dynamics Inc, USA.

The WSD report is based on based on a study of 22 world-class steel makers, including POSCO, Nippon Steel, Bao Steel, Thyssen Krupp, on 20 different parameters.

"Tata Steel has been ranked first with a weighted average score of 8.51 as against a score of 8.11 last year. POSCO of South Korea followed in the second place with 8.41", a Tata Steel said.

Tata Steel, the release said, is continuously marching towards becoming a global steel enterprise and aspires to become a 15 MT steel producer by 2010.

"It is also developing a deep-sea port in Orissa along with L&T to facilitate the flow of inbound and outbound commodities", it added.