While an increase in infrastructure construction and a gradual recovery in some downstream industries could boost steel demand in India, a recovery in demand growth will continue to depend on the financial position of the Indian government, and this will determine whether the Indian government can invest more. on construction projects such as roads, highways, pipelines and railways.
Steel demand in India is expected to grow less than 5% during fiscal 2019-2020 due to lower demand in the automotive and construction industries.
However, in February 2019, India announced a stimulus plan that will spend USD 1.5 trillion on infrastructure projects over the next 5 years, which will drive steel demand up and India's steel demand is expected to grow by 7%. in 2020.
Indian government policy should boost steel demand
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Azovpromstal® 3 January 2020 г. 11:37 |
