The Cold Rolled Manufacturers Association (CORSMA) has said that the shortage of hot-rolled coils will widen further in 2003-04 by at least one million tonne.
As per estimates, the shortage has already touched one million tonne this fiscal.
While demand grew 20 per cent this year, as compared to last year, there has been no significant capacity addition.
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In 2003-04, the shortage is expected to intensify further as the domestic demand for HR coils is likely to grow by at least 10 per cent.