22
Feb
15:55
Rising consumption, China capacity rationalisation boosts Indian steel
Continued improvement in the core industrial and consumption sectors, as well as government infrastructure spending should further boost India’s steel industry in the fiscal year through March 2019 (FY19). This is according to India Ratings and Research (Ind-Ra). Steel capacity rationalisation in China is also seen supporting this.
The credit rating agency has revised its outlook for India’s steel sector to stable for FY19 from negative for FY18.
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Anonymous
Very good overview of the weekly steel market.
Anonymous