Indian steel surges ahead but needs demand to catch up

摘要

India is poised to become the secondbiggeststeel producing nation in the worldafter China over the next 12-18 months, assteelmakers continue adding capacitiesin anticipation of upcoming demand. Thisis despite the slow pace of current steelconsumption in the country. India’s overallfinished steel output over April-January wasonly 82.87 million mt, equivalent to 68% ofinstalled steel capacity of 122 million mt/year.