29
Feb
09:16
India rail budget seen boosting steel demand
India’s planned increase in railway track laying will give a fillip to the steel industry, which has been hit by slowing global demand and overcapacity, says India Ratings and Research (Ind-Ra) in a report sent to Kallanish.
Compared to the 52% increase in the previous year, India’s proposed fiscal year 2017 (FY17) railway budget plans for a more modest 20% on-year increase in spending to INR 1.21 trillion ($17.68 billion) due to fiscal con…
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Anonymous
Very good overview of the weekly steel market.
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