The global steel industry over the last few months have seen some improvement with respect to the growth of steel demand and increase in prices of major steel products.This increase in world steel demand is attributed more to the cyclical pattern that the industry follows with occassional troughs and crests and is predicted to be of temporary nature, rather than to its sustained growth. Barring a few localized geographical regions where steel demand, has a forecast of showing an average positive growth in the coming decades, the world steel scenario on an average is expected to follow this cycle of growth and fall in demand in Steel. Also, capacity utilization rates of many Steel Plants continue to be low, creating difficulties for an industry with high fixed costs, such as steel.