Arnab Hazra, deputy secretary general of the Indian Iron and Steel Association (ISA), recently stated that Indian steel demand will rebound strongly in 2021 and is expected to grow by about 22% to about 100 million tons.
Arnab Hazra is also an economist, He said that the Indian economy will recover strongly in 2021, and the demand for steel for construction machinery, mining equipment and electrical products will increase significantly.
In the Indian construction sector (including infrastructure and real estate), the demand for steel accounts for about 62% of the country's total demand. It is expected that the momentum will be stronger during the year. The Indian government is also increasing investment in infrastructure construction.
In 2020, the Indian economy is deeply affected by the new crown epidemic. At present, many fields including construction, automobiles and home appliances have seen a significant recovery.
2021.07.26
The Ukrainian Iron and Steel Manufacturers Association has submitted a temporary ban on the export of scrap steel to the Prime Minister of the country, requesting it to consider banning the export of scrap steel from Ukraine before December 31, 2023 to ensure the stable development of the metallurgical industry and the country’s economy. The…
2021.07.23
According to statistics from the General Administration of Customs of Vietnam, the country exported 5.88 million tons of steel in the first half of the year, a year-on-year increase of 50.5%. Steel exports in June rose 4.3% year-on-year to 1.02 million tons. In the context of the recovery of domestic production and the growth of…
2021.06.15
The World Steel Association’s recently released “World Steel Statistics for 2021” shows that the global crude steel output in 2020 is 1.878 billion tons, an increase of 0.5% year-on-year, and the compound annual growth rate of crude steel output from 2015 to 2020 is 3.0%. From the perspective of steelmaking technology, in 2020, the global…
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China’s steel imports and exports in 2020: From January to December, the total export of steel products is 53.677 million tons, and the total import of steel products is 20.233 million tons. my country’s steel exports are far greater than steel imports. Among them, 16.085 million tons of plates were imported, an increase of 5.76…
