Ferrosilicon Daily Express 5.12

  • Tuesday, May 12, 2020
  • Source:ferro-alloys.com

  • Keywords:Ferrosilicon futures spot
[Fellow]The Indian Steel Association (ISA) has revised downward India’s steel demand growth forecast for 2020 from 5.1% as per growth predictions made in February this year.
[Ferro-Alloys.com] The Indian Steel Association (ISA) has revised downward India’s steel demand growth forecast for 2020 from 5.1% as per growth predictions made in February this year. The figures are expected to touch a low of negative 7.7%., with significant downside risks, an official statement said. 
 
"We estimate finished steel demand in India to fall in calendar year 2020 to around 93.7 million tonne from an estimated actual of 101.5 million tonne in 2019, a decline of 7.7% or roughly by about 8 million tonne this calendar year," ISA said.

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