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17 May
11:34

Indian demand, exports to grow: Moody’s

Indian steel demand is expected to grow by 10% on-year in 2022, mainly on the back of the government's continued focus on construction of roads, railways, ports and airports, says Moody’s. Automotive and white goods demand is also likely to surge; however, the global shortage of semi-conductors will moderate car output, Kallanish notes. Owing to the Ukraine-Russia war, major steel importers including Europe have faced an acute steel shortage, leading to…
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