14
Dec
08:03
Millions of new houses seen boosting India steel industry
The steel industry will be one of the biggest beneficiaries from India’s Housing for All (HFA) project that will see 20 million new houses built by 2022, according to India Ratings and Research (Ind-Ra).
The cost of constructing houses under the project will be INR 15 trillion, or INR 2.14 trillion/year ($32 billion), between now and the fiscal year through March 2022 (FY22), the credit rating agency says. This growth in the construction sector’s gro…
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Anonymous
Very good overview of the weekly steel market.
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