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07 Sep
18:08

Low consumption hinders Indian steel industry growth: executives

India’s steel consumption per capita is the largest challenge for the country’s steelmakers, said Indian steel executives at a meeting in Delhi on Wednesday. Against South Korea’s per capita steel consumption of 1,000kg, China’s 600kg and Europe’s 400-500kg, Indian per capita steel consumption is merely 76-80kg. “India still has very low per capita steel consumption as compared to all the major economies,” one executive c…
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