The document discusses India's steel industry, outlining its strengths as having abundant iron ore and coal resources and lower labor costs, but also weaknesses like unscientific mining practices and low productivity. It identifies opportunities for growth in rural and export markets, but also threats from increasing competition from China and global protectionism. The objective is for India to become a global steel superpower by 2019 by establishing world-class steel production facilities and capturing growth in domestic demand. POSCO India plans to contribute 12 million tons annually through a new greenfield project utilizing India's resources and POSCO's experience and technology.