Steel demand at an all-time high in January

By | February 22, 2021

Metal demand at an all-time excessive in January

India’s home metal consumption rose 9% y-o-y (3% m-o-m) to 9.97 mt in January, the highest-ever month-to-month consumption.

Declining exports and rising imports additional indicated a powerful rebound in home demand.

Home crude metal manufacturing rose 7% y-o-y (2% m-o-m) to 9.98 mt within the month. Robust home demand and low completed metal stock is anticipated to help home metal costs, Motilal Oswal has stated.

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