After the very forgettable three quarters of the current financial year when growth in demand for steel fell steadily, industry players may now have reason to smile — January figures point to an upswing in demand. According to data provided by the Joint Plant Committee (JPC), demand for steel in India grew 7.7 per cent in January on a year-on-year (y-o-y) basis. Although sequentially, the demand growth has fallen, as in December the country posted 8.7 per cent growth.
Source: Business Standard
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