Analyst Pin-board: Steel Production and Consumption in 2019
In 2019, domestic steel consumption grew at the same rate as the construction industry, at roughly 9%. However, there were significant differences in the growth rate of each steel segment. Domestic coated steel grew at 12.5%, due to an increase in FDI by 7%. Domestic construction steel sales went up by 6.8%. slighly better in comparison with 2018 (6.6%). However, the steel pipe segment’s growth rate went down from 5.7% in 2018 to 2.3%.
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