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Indian steelmakers increase production

It is reported that Indian steelmakers have increased production after marginal recovery from the construction (oil & gas, power generation) and infrastructure sectors (road, railway, aviation, urban housing and telecom).

Most of all, the demand came mainly from rural housing and industrial construction sectors. However, if demand in excess of 10 percent becomes true, it would be happened only after a year. Another reason is that local steelmakers in China have moved up steel prices marginally and it has indirectly helped Indian domestic firms to maintain their prices. Source: Yieh.com

Feb 3, 2009 12:48
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