Brisk Demand Makes India a Bright Spot for Global Steelmakers
09/28/2012 - India is emerging as the sole bright spot for global steelmakers as brisk demand coupled with scarcity of raw material looks set to buoy imports by Asia’s third-largest economy in the next two years, bucking a slowdown that has hit even top consumer China, Reuters reports.
India is emerging as the sole bright spot for global steelmakers as brisk demand coupled with scarcity of raw material looks set to buoy imports by Asia’s third-largest economy in the next two years, bucking a slowdown that has hit even top consumer China.
If India, the world’s No. 4 steel producer, retains its appetite for imports, that could not only plug gaps in demand but keep steelmakers elsewhere, particularly in Japan and South Korea, humming despite a fragile global economy...
