140th Day Of Lockdown

Maharashtra52451335842118050 Tamil Nadu3028752446755041 Andhra Pradesh2355251456362116 Karnataka182354991263312 Delhi1461341316574131 Uttar Pradesh126722767212120 West Bengal98459671202059 Bihar8274154139450 Telangana8075157586637 Gujarat71064542382652 Assam5883842326145 Rajasthan5249738235789 Odisha4592731785321 Haryana4163534781483 Madhya Pradesh3902529020996 Kerala3433121832109 Jammu and Kashmir2489717003472 Punjab2390315319586 Jharkhand185168998177 Chhatisgarh12148880996 Uttarakhand96326134125 Goa871259575 Tripura6161417641 Puducherry5382320187 Manipur3752204411 Himachal Pradesh3371218114 Nagaland30119738 Arunachal Pradesh223115923 Chandigarh1595100425 Meghalaya11154986 Sikkim9105101 Mizoram6203230
Business Economy 10 Apr 2019 India's steel demand ...

India's steel demand to grow by over 7 pc in 2019, 2020: Indian Steel Association

PTI
Published Apr 10, 2019, 4:40 pm IST
Updated Apr 10, 2019, 4:44 pm IST
The association forecast that India's steel consumption is likely to cross 100 million tonnes mark in 2019.
Steel Minister Chaudhary Birender Singh has earlier this year said that growth trend in steel consumption in India will continue, due to strong manufacturing sector, diversified demand demographics, accelerated expenditure on infrastructure, anticipated increase in GDP and strong focus on 'Make in India'. (Representational Image)
 Steel Minister Chaudhary Birender Singh has earlier this year said that growth trend in steel consumption in India will continue, due to strong manufacturing sector, diversified demand demographics, accelerated expenditure on infrastructure, anticipated increase in GDP and strong focus on 'Make in India'. (Representational Image)

New Delhi: India's steel demand is likely to grow by over 7 per cent in 2019 and 2020, driven by sectors like construction, capital goods and railways, as per the Indian Steel Association.

"The Indian Steel Association has forecast India's steel demand to grow by 7.1 per cent in calendar year 2019 and by 7.2 per cent in calendar year 2020," the domestic steel body said. As for financial year, the forecast for steel demand growth is 7.2 per cent in both 2019-20 and 2020-21, the Indian Steel Association said. It also forecast that India's steel consumption is likely to cross 100 million tonnes (MT) mark in 2019.

 

Steel Minister Chaudhary Birender Singh has earlier this year said that growth trend in steel consumption in India will continue, due to strong manufacturing sector, diversified demand demographics, accelerated expenditure on infrastructure, anticipated increase in GDP and strong focus on 'Make in India'.

"Investment driven sectors such as construction, capital goods and railways are likely to maintain the healthy growth momentum driven by infrastructure programmes such as Bharatmala, Sagarmala, railway track electrification, dedicated freight corridors, metro rails, etc," the statement said. In addition, while, reduction in GST rates will support the real estate demand, ongoing capacity additions in renewable energy segment would continue to boost the electrical equipment demand, it said.

 

...
Location: India, Delhi, New Delhi




ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT