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Buoyed by rise in govt spend, FY18 steel demand to grow 4.5-5%: JSW Steel

Company said it needs to maintain market share of 15% if steel capacity and demand continue to grow

Press Trust of India  |  New Delhi 

The domestic steel demand is expected to grow 4.5-5 per cent in the next financial year (FY), buoyed by increased spending on infra projects by the government, Sajjan Jindal-led JSW Steel said on Friday. "We expect the steel demand (to be) in line with the thrust of the Indian government to spend money for the next year that should give an optimism to us that this 3.5 per cent will be higher in FY 2017-18, so it's where we are giving a guidance of 4.5-5 per cent in FY 2017-18," JSW Steel Joint Managing Director and Group Chief Financial Officer (CFO) Seshagiri Rao told ...

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Buoyed by rise in govt spend, FY18 steel demand to grow 4.5-5%: JSW Steel

Company said it needs to maintain market share of 15% if steel capacity and demand continue to grow

Company said it needs to maintain its market share of 15% if steel capacity and demand continue to grow The domestic steel demand is expected to grow 4.5-5 per cent in the next financial year (FY), buoyed by increased spending on infra projects by the government, Sajjan Jindal-led JSW Steel said on Friday. "We expect the steel demand (to be) in line with the thrust of the Indian government to spend money for the next year that should give an optimism to us that this 3.5 per cent will be higher in FY 2017-18, so it's where we are giving a guidance of 4.5-5 per cent in FY 2017-18," JSW Steel Joint Managing Director and Group Chief Financial Officer (CFO) Seshagiri Rao told ... image
Business Standard
177 22

Buoyed by rise in govt spend, FY18 steel demand to grow 4.5-5%: JSW Steel

Company said it needs to maintain market share of 15% if steel capacity and demand continue to grow

The domestic steel demand is expected to grow 4.5-5 per cent in the next financial year (FY), buoyed by increased spending on infra projects by the government, Sajjan Jindal-led JSW Steel said on Friday. "We expect the steel demand (to be) in line with the thrust of the Indian government to spend money for the next year that should give an optimism to us that this 3.5 per cent will be higher in FY 2017-18, so it's where we are giving a guidance of 4.5-5 per cent in FY 2017-18," JSW Steel Joint Managing Director and Group Chief Financial Officer (CFO) Seshagiri Rao told ...

image
Business Standard
177 22