India's steel demand is expected to maintain an annual growth rate of more than 7% in 2019 and 2020, driven by industries such as construction, capital goods and railways, the Indian Steel Association said.
The Indian Iron and Steel Association predicts that India's steel demand will grow by 7.1% in 2019 and 7.2% in 2020, respectively.
The Indian Iron and Steel Association said that in terms of fiscal year, India's steel demand will rise by 7.2% in fiscal year 2019-2020 and fiscal year 2020-2021.
The report also predicts that India's steel consumption may exceed 100 million tons in 2019.
Chaudhary Birender Singh, India's steel minister, said earlier this year that India's steel consumption growth trend will continue due to strong manufacturing, diversified demand demographic structure, accelerated infrastructure spending, expected GDP growth and strong concerns about Indian manufacturing.
Just like you, 70% customers choose long-term cooperation with BBN steel not only for our good product and service quality, good reputation in the international market, but also for our experienced one-stop raw material supply and further steel processing!
Henan BEBON Iron&Steel co.,ltd.
Language
Online Consultation
