15
Feb
13:33
Indian infrastructure spending to increase rebar demand: Godawari
The Indian government’s budgeted spending increase for the following fiscal year augurs really well for steel demand in the country, especially for long products, Godawari Power and Ispat (GPIL) says in a note seen by Kallanish.
In its recent budget, the government announced increased capital outlay by 33% to INR 10 trillion ($120.74 billion) and railway outlay by 75% to INR 2.4 trillion (see Kallanish passim).
GPIL witnessed a 4% on-year rise in iron ore p…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous