20
Apr
11:18
Covid-19 to slash Indian steel demand: ISA
The Indian Steel Association (ISA) has revised down its forecast for Indian demand growth in 2020. Finished steel demand is now seen contracting -7.7% on-year to 93.7 million tonnes, versus the previous forecast in February of 5.1% growth to 106.7mt.
In other words, “…the spread of the pandemic and subsequent lockdown will lead to steel demand declining by 13 million tonnes or by -12.2% from a business as usual scenario,” the association tells K…
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Anonymous
Very good overview of the weekly steel market.
Anonymous