Steel Price Forecast 2024 Pdf India

Steel Price Forecast 2024 Pdf India. Our analysis shows that even if the duty is raised to 12.5%, chinese steel would still undercut domestic prices,” the steel secretary noted. Boosted by the gdp push, india's total steel consumption is correspondingly expected to increase by around 10% in fy'24, as per steelmint's estimates.

In april, the group forecast global steel demand would rise by 1.7% in 2024, but its latest forecast is a drop of 0.9% to 1.75 billion metric tons. In contrast, india is emerging as a beacon of growth, with steel demand projected to increase by 8.0% over the next two years, driven by robust infrastructure investments and growth in.