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12 Jan
13:01

India seen as future global driver, barring hurdles

India has the potential to become the driving force of the global steel industry but it must first remove certain hurdles for this to happen, according to consultancy CRU. With a similar population to China, India’s steel intensity of 61kg per capita against China’s 647kg per capita shows the massive growth potential for Indian steel consumption. CRU forecasts Indian finished steel consumption will reach 197 million tonnes by 2030, against the 2…
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