08
Mar
14:04
India consumption growth to moderate in FY25: ICRA
Indian steel consumption growth will decelerate to 7-8% year-on-year in the fiscal year ending March 2025 (FY25), giving 140 million tonnes, Indian credit rating agency ICRA forecasts.
This is in sharp contrast to ICRA’s FY24 steel consumption growth estimate of 12-13% y-o-y to 120mt, Kallanish notes.
Several factors are expected to challenge the industry, leading ICRA to forecast lower FY25 growth. These include softness in steel prices, higher input costs…
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Anonymous
Very good overview of the weekly steel market.
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