24
Mar
07:12
ICRA revises up Indian steel consumption forecast
Credit rating agency ICRA has revised its growth outlook for Indian domestic steel demand to 7-8% on the back of increased government capital expenditure outlay for the fiscal year ending 31 March 2024 (FY24). Earlier, the rating agency had estimated demand will grow in the range of 6-7%.
The Indian finance ministry has hiked capital expenditure on infrastructure development by 33% on-year to INR 10 lakh crores ($1.22 trillion), amounting to 3.3% of total Indian G…
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Anonymous
Very good overview of the weekly steel market.
Anonymous