03
Aug
01:00
Supply seen outpacing India steel use growth of 7% this fiscal year
Indian steel consumption will grow 7% on-year in the fiscal year through March 2016 (FY16) as economic activity increases, following only 2% growth last year, according to consultants PricewaterhouseCoopers (PwC).
Steel supply, however, will increase around 10% in the same period, outpacing consumption, meaning capacity utilisation may fall below 78%. Indian steel imports surged 71% on-year in FY15. “This trend is expected to continue in FY16 but the q…
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Anonymous
Very good overview of the weekly steel market.
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