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Supported by continued domestic demand growth and a bullish outlook, India is expected to push steel capacity higher in the coming years and thus mainly focus on domestic markets, said speakers at the Kallanish Asia Steel Markets 2023 conference in Ho Chi Minh City on Thursday. Domestic steel demand in India is strongly expected to grow over the next two years, although the speed may decelerate (see table below). Government spending is the main driver of the bulli…
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