In 2018, global steel demand increased by 2.1%, growing slightly slower than in 2017. In 2019 and 2020 growth is still expected, but in a less favourable economic environment.
Tata Steel Group CFO Koushik Chatterjee spoke to ET about the impact of the stalled joint venture in Europe and on Tata Steel's more profitable operations in India.
The revision came after ACCIL’s resolution professional reached out to JSW Steel, following which a meeting was held in New Delhi last week.
The Nifty Metal index was trading 0.04 per cent up at 2983.15 around 10:57 am
During the month, China produced 70.98 MT crude steel as against 65.02 MT, a jump of 9.2 per cent during same month a year ago.
Surge in imports, predatory pricing have added to worries of Indian companies, says steel body.
ArcelorMittal has been trying to enter India's fast-growing steel market, which is dominated by local companies.
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