Steel consumption may slow to 7-8% in FY25 after 3 years of double-digit growth
Domestic steel consumption growth is expected to slow down to 7-8% in FY25 as against 12-13% estimated in FY24, says ICRA.
steel producers
March 2024
December 2023
2024 Ahoy! Bumpy ride awaits Indian steelmakers
The discounted steel from China, weak global macro-outlook and higher domestic manufacturing costs are expected to hamper the dreams of Indian steel producers.
