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16 Oct
16:28

Indian demand to eventually outpace production: Narendran

Increasing Indian steel demand will over the long-term absorb a greater portion of the country’s production, according to worldsteel economics committee chairman TV Narendran. Indian demand is currently growing at 4-5% annually, slower than most industry observers had been expecting. The country has simultaneously commissioned new steelmaking capacity, which has largely been utilised to increase exports to regions such as Southeast Asia and Europe. The for…
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