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It’s reported that India' steel consumption grew by just 0.2% to 17.797 million tons during April through June, 2013. The reason for the almost stagnation was attributed to a slowdown in the domestic economy and a sharp decline in imports. Total imported finished steel for the period was down 34.1% year-on-year at 1.32 million tons. Factors such as bilateral agreements, relative prices, rate volatility, global downswing and a slowdown in domestic economy all contributed to the sharp decline in steel import. |
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=65329&division=A2
