With strong demand, India's biggest steelmakers plan record output

JSW sees Indian steel consumption rising by as much as 7.5 percent in the 2019 financial year

India’s biggest steelmakers are set to expand production to a record after reporting solid quarterly earnings amid strong steel prices.
 

JSW Steel Ltd. posted record net income Wednesday and outlined a $6 billion plan to raise output. Tata Steel Ltd., which aims to double domestic capacity, swung to profit, helped by a one-time gain.

Both mills are ramping up to meet an anticipated surge in domestic consumption with the government set to spend trillions of dollars on expanding infrastructure. Paving the way are the best market conditions in years as prices are bolstered by lower exports from China, the world’s