03
Jun
13:38
ICRA increases India consumption growth forecast to 9-10%
ICRA has revised its Indian domestic steel consumption growth forecast to 9-10% for the fiscal year ending March 2025 (FY25), Kallanish notes.
The credit rating agency earlier estimated 7-8% growth (see Kallanish passim).
The amendment is attributed to healthy government capital expenditure until February and other steel consuming sectors, such as real estate, which helped contribute to resilient domestic demand thereafter. Domestic steel consumption increased by…
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Anonymous
Very good overview of the weekly steel market.
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