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.
#Metal #demand #alltime #excessive #January