Steel consumption in India will grow by 7% next year

The Tata Steel manager said that the expected increase in demand for steel in the domestic market of India in 2013 will exceed 7%. "Government reforms will give an impetus to the growth of the economy. Given the moderate increase in world production of steel and stable prices for raw materials, we expect a stable increase in prices for metal rental this year," said Mr. H.M. Nerurkar.

Indian government reforms are primarily aimed at improving the state infrastructure and construction programs. In addition, it is expected to reduce interest rates on loans, announced by the India Reserve Bank, which will provide an additional incentive for the growth of consumption of prolonged consumption goods.

"The main factors affecting economic growth in India are inflation, budget deficit, reduction of demand from consuming industries, such as automotive, construction, production of consumer goods of long -term use, as well as the problem of capital influx. There are bureaucratic delays in obtaining permits, especially environmental permits, acts for the acquisition of land, reforms are required for a long time," the manager emphasized, the manager emphasized the manager. Director Tata Steel.

In 2012-2013, the internal demand for steel in India is expected at the level of 75 million tons compared to 71 million tons in the previous reporting period.