UBM - India's Domestic Steel Demand Fell In October For The First Time In 7 Months
By Sohrab Darabshaw
India may have become a net exporter of steel this year, but domestic demand may remain a problem area.
The US-based Moody's Investors Service has said in a recent report, titled "Asia: Steel - 2020 outlook," that India's steel growth will slow down in the coming days because of weak automotive and manufacturing demand.
In October this year, India's domestic steel production fell for the first time in seven months. Steelmakers produced about 9.09 million tons of steel, down by 3.4% over October last year, according to figures by