Higher infra spending, economic growth make India lucrative market for domestic and global steel makers

By Prabhakar ChaturvediNew Delhi [India], June 22 (ANI): Despite a slowdown in exports and increasing Chinese steel output impacting India's share in the markets, steel makers in the country are optimistic about the domestic demand.

India's export of steel in May 2024 was 0.5 Million Tonnes (MT), lowest in the last six months. It was 0.66 MT in April 2024.

Indian exports have been affected by a variety of reasons in the r