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03 Mar
15:30

Indian finished steel consumption slump eases further

Indian finished steel consumption slumped 15.3% on-year in April-December 2020, the first nine months of India’s fiscal year, to 64.61 million tonnes, according to Joint Plant Committee (JPC) data. The nine-month slump is an improvement on the 30% slump seen after six months. Consumption is expected to rebound further in the last fiscal quarter as economic activity is accelerating following the end of Covid-19-related lockdowns and ramp up of government infr…
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