Moody's: Indian Steel Demand to Surge 10% Through 2022
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Update time : 2022-05-19 20:56:44
Moody's Investor Service expects steel demand in India to witness a growth of around 10% through 2022, mainly driven by government's increased impetus on construction of infrastructure facilities, including roads, railways, ports and airports.
According to the report, the steel exports from the country are likely to remain strong in the forthcoming months. The elevated steel prices and robust regional demand will continue to motivate steel makers to earmark a part of their total production to exports.
