20
Aug
17:12
Indian production to slow, government spending drives consumption
Indian finished steel production growth should slow to 3-4% on-year in the fiscal year through March 2020 (FY20) as no new major steel capacity is expected to come on line, according to Care Ratings. Steel consumption, however, is seen growing by 5-6% thanks to government infrastructure and construction spending.
“An uptick in construction activities post monsoon season will result in higher steel demand which, in turn, is expected to bring some relief to …
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Very good overview of the weekly steel market.
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