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India's steel consumption set to break records as Covid-hit economy revives

The International Monetary Fund expects India to grow 9.5% in economic activities this year. That’s in contrast to last year when the economy tipped into an unprecedented 7.3% contraction.
Demand for steel is expected to surge 17% to 110 million tons in the year started April. (File Photo / REPRESENTATIONAL IMAGE)
Demand for steel is expected to surge 17% to 110 million tons in the year started April. (File Photo / REPRESENTATIONAL IMAGE)
Published on Jul 29, 2021 07:22 AM IST
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Tuesday, May 17, 2022