04
Mar
15:37
India stressed asset resolution to curb imports: ICRA
The resolution of India’s stressed assets under the Insolvency and Bankruptcy Code (IBC) mechanism will be crucial to curbing Indian steel imports in the medium term, according to Indian credit rating agency ICRA.
If Indian steel consumption growth is estimated at an average 7% annually in financial years (FY) 2019-2022, India’s steel requirement is likely to rise to 119 million tonnes in FY2022 from 91mt in FY2018.
Even if capacity utilisati…
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Anonymous
Very good overview of the weekly steel market.
Anonymous