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05 Oct
14:02

India to witness strong steel demand: Ind-Ra

Indian steel demand and supply will remain strong in the second half of the fiscal year ending 31 March 2022 (FY22), according to India Ratings & Research (Ind-Ra). Steel demand will rise on the back of the government’s INR 111 trillion ($1.49 trillion) infrastructure investment plan, and the budget’s emphasis on capital expenditure and infrastructure investment. Ind-Ra has maintained a stable outlook for the steel sector for H2, Kallanish notes. I…
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