India steel demand is expected to grow year-on-year by a mid- to high-single-digit percentage because of increased infrastructure spending.

The country is expected to remain a bright spot in the Asia region where steel production volumes will decrease primarily because of the decline in Chinese demand, according to Moody’s latest report on Asian steel companies. While Indian steel companies will be pressured by the regional supply glut and price declines for major Indian steel mills, the ramp-up of new steel-production capacity, resumed captive iron ore production and the government’s introduction of minimum import prices will help them mitigate earnings pressure in 2016.

http://economictimes.indiatimes.com/industry/indl-goods/svs/steel/higher-infra-spend-to-boost-indian-steel-demand-in-2016/articleshow/51190131.cms

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