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13 Jan
00:00

Infrastructure, automotive growth seen driving Indian steel use to over 100mt in 2017

Infrastructure development and automotive industry growth will drive steel consumption in India by an annual 6.8% to 104 million tonnes by 2017. New investments meanwhile will see crude steel capacity hit 140m tonnes/year by end-2016, according to business consultancy Frost & Sullivan in a report monitored by Kallanish. The projected increase in foreign investment into manufacturing, Indian demographics providing a large consumer base and the availabilit…
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