03
Mar
11:25
New India budget seen giving no steel boost
The proposed increase in infrastructure spending in India's fiscal year 2017 (FY17) budget is unlikely to provide a boost to domestic steel demand growth. This is unless project execution rates pick up significantly, according to Fitch. Overcapacity is also likely to weigh on domestic steelmakers’ near-term profitability.
The budget plans to increase capital expenditure on infrastructure – roads, railways and shipping – by 23% on-year to IN…
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Anonymous
Very good overview of the weekly steel market.
Anonymous