ISA: India's Steel Demand To Shrink 7.7% In 2020

- Apr 19, 2020-

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 vear. The fioures are expected to touch a low of negative 7.7%. with sionificant downside risks. an official statement said"We estimate finished steel demand in India to fall in calendar vear 2020 to around 93.7 million tonnes from an estimated ficure of 101 5 million tons in 2019 a decline of 7 7% orrouohly by about 8 million tons this calendar year." ISA saidISA had estimated in February that the steel demand in calendar vear 2020 would arow by 5.1% to touch106.7 million tons. We now revised the steel demand forecast to 93.7 million tons. In other words. we estimate that the spread of the pandemic and subsequent loc kdown will lead to steel demand declinina by 13 million tons or by 12.2% from a business as usual scenario." ISA said.

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API 5L  steel pipe with 3LPE coating for external and FBE coating internal

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API 5L steel pipe with 3LPE coating for external and FBE coating internal
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