19
Oct
13:38
India to see steepest demand slump in decades
Indian finished steel demand is forecast to slump -20.2% on-year in 2020 to 81.9 million tonnes, returning India to third, behind the US, in the list of top steel-consuming countries, according to worldsteel.
The forecast compares to worldsteel’s previous projection made in June of an -18% demand contraction. This shows the significant impact India’s strict nationwide lockdown earlier this year has had on activity in the country’s end-use sectors…
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Anonymous
Very good overview of the weekly steel market.
Anonymous