Fitch Ratings forecast strong medium-term growth to support the demand for India's steel, cement and chemicals sectors, with improved economic activity boosting power and petroleum product sales
The domestic steel demand is expected to take a hit in the coming quarters due to "very high steel prices" and continuously rising fuel prices, according to industry consultancy SteelMint India.
Union Steel Minister Ram Chandra Prasad Singh lauded the government and the people of Odisha for making big strides in development
The Nationwide lockdown in April-May impacted manufacturing, hurting consumption of the alloy
India's steel demand is expected to contract in FY21, Fitch Ratings said on Friday
This is in sharp contrast to the earlier projection of 5.1 per cent growth made just a couple of months back, in February.
Our decision to rely on railways, and not roadways, to transport both raw material as well as finished products is bearing fruit, says Anil Kumar Chaudhary
The joint venture - 60 per cent held by ArcelorMittal and the balance by Nippon Steel - was renamed AM/NS India
The report on Low Carbon Steel has been prepared by the Energy Transitions Commission (ETC) India, a research platform based in TERI in New Delhi
Soft demand from the property and manufacturing sectors will limit Chinese steel demand growth. Korean demand will soften because of the sluggish construction and auto sectors.
The country had produced 9.408 MT crude steel during the same month a year-ago, the global industry body said in its latest report.
Recently, India has been trying to unleash its growth potential through an extensive reform agenda to clear institutional bottlenecks
The demand for steel in the developed world remains healthy, while in the developing countries steel demand will continue to recover amid challenges
The steel demand in India continues to grow and is expected to increase by 5 per cent in FY19
It is not expected that India will replicate China's explosive growth pattern, World Steel Association said