Page 5 - Steel Demand

Icra sees FY20 steel demand growth shrinking to 5-6% from 7.9% in FY19

Industry's total debt/OPBITDA seen at 4.5 times in FY20 vs 3.5 times in FY19

Steel demand picks up to 5.2% in first 9 months of FY18, says ICRA

The improvement is seen due to sustained buoyancy in the automobile sector and recovery in growth rates in the construction and capital goods sectors

Steel demand likely to improve in near term: Icra

The production growth too is expected to revive on the back of a likely pickup in domestic demand and favourable international steel prices, enabling an export push

Govt says need to raise steel demand to match capacity boost

The govt had said that will create demand for 300 million tonnes of steel

Government spending to drive steel demand

Steel consumption will increase especially in roads, power, water and gas pipeline projects

Steel demand to rise as govt looks to increase public sector spending

After a subdued trend so far this financial year, the country's steel consumption is likely to rise in the coming months with increase in public sector spending -- especially in roads, power, water and gas pipeline projects.Data compiled by the Joint Plant Committee of the steel ministry shows consumption at 26.2 million tonnes in April-July (first four months of this financial year), a marginal 0.5 per cent increase over the same period last year. Crude steel production at 31.8 mt was five per cent higher.Anticipating the trend, primary steel producers have raised their product prices by Rs 3,000 a tonne, effective August. This reversal in consumption trend assumes significance in terms of government spending, which would drive all-round growth in this and allied sectors."Steel demand is improving with increasing public sector spending, as reflected in increased activity in sectors like roads, power transmission and distribution, solar energy, earthmoving equipment, pre-engineered ...

India may post solid steel demand, sustainability an issue: Report

Indian steel demand is expected to report solid growth in FY17 backed by consumption-boosting reforms and infrastructure investment

Steel demand to grow 6% in FY17, outlook bright: JSW Steel

Sajjan Jindal said govt is also aiming to scale up India's steel production to 300 million tonnes by 2025

Global demand to fall 0.8% this year: World Steel Association

The finding is part of the association's Short Range Outlook that was released today