India's Strategy to Occupy Prominent Position in World Steel Market| Monisha Chaudhary

Описание: #steelsector #indiastrategy #enterslice

The Indian Steel Association (ISA) projects a 7.5% growth in domestic steel demand for the fiscal year 2024. This will put output at 128.85 MT compared to 119.86 MT in FY23. In FY25, the ISA expects a further 6.3% increase to 136.97 MT. This anticipated growth in demand is primarily attributed to the government's focus on infrastructure development and the expansion of construction activities.
So far, in 2023, India seems committed to this path of growth, whereas China has allowed demand to drop. Amidst China's struggling construction sector and the looming possibility of recessions in the U.S. and Europe, there is no doubt that India is now a crucial factor in revitalizing global steel demand. Watch the complete video to learn what makes India a capable nation to become a superpower in the world steel market.


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