02
Apr
10:19
Covid-19 to delay Indian steel consumption rebound: ICRA
Indian steel consumption will not rebound in the fiscal year through March 2021 (FY21), given that growth in the first fiscal quarter through June could be very weak as a result of the Covid-19 pandemic, says ICRA. Consumption is likely to grow 2-3% in FY21 after growth of 3.8% in FY20.
With the export market also remaining tepid, and India adding 10 million tonnes/year of new steelmaking capacity, domestic capacity utilisation is seen declining to 79% in FY21 fro…
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Anonymous
Very good overview of the weekly steel market.
Anonymous