Page 5 - Steel Demand
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 ...
 "Steel demand to rise as govt looks to increase public sector spending")
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
 "India may post solid steel demand, sustainability an issue: Report")
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
 "Steel demand to grow 6% in FY17, outlook bright: JSW Steel")
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
 "Global demand to fall 0.8% this year: World Steel Association")
