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10 May
11:41

India steel demand to outpace China: Moody’s

Indian steel demand is expected to increase by 5-7% in the next 12-18 months, outpacing China, according to a Moody’s steel sector report. India's strong steel demand growth is attributed to faster economic and population growth, the rising pace of industrialisation and urbanisation, and supportive government policies in the country, notes Kallanish. The latter include increased spending on infrastructure and domestic manufacturing incentives. Comparat…
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