07
Jun
13:47
Care lowers Indian output forecast, foresees elevated prices
Care Ratings has revised down its forecast for Indian finished steel output growth in the fiscal year through March 2020 (FY20) to 3-4% from the previous 6-8%. Output is therefore expected at 115-116 million tonnes, with large steelmakers not seen adding any new capacity this year.
Indian steel consumption growth is still expected at 5-6% to 102-103mt on the back of state-funded infrastructure and construction projects.
While international steel prices h…
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Anonymous
Very good overview of the weekly steel market.
Anonymous