25
May
17:19
Indian longs demand recovering, state spending required: JSPL
Jindal Steel & Power (JSPL) says domestic long product demand will rise faster than flats following the easing of Indian lockdown measures. The recovery, however, will be prolonged and could require further state spending. Indian steelmakers are seen offsetting slow demand at home by increasing exports.
Steel demand has been impacted by delayed restart of construction sites due to a labour shortage, fall in demand for automobiles and white goods, as well as a …
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Anonymous
Very good overview of the weekly steel market.
Anonymous