07
Jan
00:00
Construction, capital goods weakness seen limiting Indian steel demand growth
Despite growth in the automotive sector, any improvement in Indian steel demand is likely to be limited by the fragile recovery in the construction and capital goods sectors, according to credit rating agency ICRA.
Steel consumption grew only 0.5% year-on-year in April-October due to weak demand from key end-use sectors. This was largely unchanged from the 0.6% growth seen in fiscal year (FY) 2014 (through March 2014).
Steel exports growth slowed to 1…
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Anonymous
Very good overview of the weekly steel market.
Anonymous