Tag: South India: Steel market snapshot along with raw material supply

Between FY20 and FY24, the states crude steel output grew from 2.5 million tonnes (mnt) to 4 mnt-a 60% rise. This growth trajectory is expected to continue, with production projected to touch 4.6 mnt by FY30. Tamil Nadu’s scrap consumption climbed from 1.9 mnt in FY20 to 2.8 mnt in FY24, registering a 47% increase.…