India’s Finished Steel Consumption in Oct’22 was reported at 9.61 million tonnes (mnt). Domestic demand from the project segment (infra and construction) is intact and likely to remain decent in December as well. With only four months left for the financial year to end, government project developers will be in a hurry to meet deadlines. This will keep demand robust, going forward. Developers have orders in hand and in such a scenario need-based buying also translates into good sales towards the year-end.
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