10
Jun
11:04
Pandemic significantly slashes Indian demand forecast
Worldsteel forecasts Indian finished steel demand to plummet -18% on-year in 2020 to 83.3 million tonnes, following 5% growth in 2019 to 101.5mt.
In its previous short-range outlook published last October, before the Covid-19 pandemic struck the global economy, worldsteel had forecast Indian demand to rise 7% in 2020 to 108.7mt. As India is the world’s second-largest steel consumer, this huge loss of demand on account of the pandemic is likely to have a sign…
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Anonymous
Very good overview of the weekly steel market.
Anonymous