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15 Jul
15:11

JSPL sees Indian demand growth despite global slowdown

The confluence of headwinds comprising Covid-induced lockdowns in China, high inflation and ongoing conflict in Europe has contracted global crude steel production. However, Indian crude steel production continues to grow on the back of strong domestic consumption and demand, says Jindal Steel and Power (JSPL). India’s steel demand growth is expected to be the highest among top steel-consuming nations at 7.5% in 2022. This will be boosted by higher spending …
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