Tag: FY 20212022
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Domestic Steel Demand Increase of 7.5% in Fiscal Year 24
The Indian Steel Association (ISA) is confident that the domestic steel market will grow 7.5% to 128.85 million tonnes in the current financial year. This positive outlook comes despite a challenging global economic environment, driven by infrastructure spending and urban consumption. ISA is optimistic that steel demand will increase 8-9 million tonnes per year over the next two years with an overall 6.3% expansion by FY2025. ISA offers policy assistance and workshops to propel the growth of India's steel industry. Its President, Mr. T.V Narendran, has been an ardent promoter of the sector.