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India's steel demand growth rate will remain above 7% this year and next

Apr. 23, 2019

 今明两年印度钢铁需求年增长率将保持7%以上

India's steel demand growth rate will remain above 7% this year and next

据中国钢铁新闻网  印度钢铁协会日前表示,在建筑、资本货物和铁路等行业的推动下,今明两年印度的钢铁需求均有望保持7%以上的年增长率。

According to China Steel News Network, the Indian Iron and Steel Association recently said that in the construction, capital goods, and railway industries, India's steel demand is expected to maintain an annual growth rate of more than 7% this year and next.

印度钢铁协会表示,就财年而言,印度2019-2020财年和2020-2021财年的钢铁需求涨幅都将达到7.2%。有业内机构报告还预测,今年印度钢铁消费量可能会超过1亿吨。印度钢铁部相关负责人表示,由于印度制造业强劲,需求人口结构多样化,基础设施支出加速,GDP预期增长以及对印度制造的强烈关注,印度钢铁消费的增长趋势将会继续下去。此外,尽管商品及服务税(GST,也称增值税)的降低将支持房地产需求,可再生能源领域持续增加的产能将继续提振电力设备需求,这些都将支撑钢铁需求的持续增长。

India's steel demand will rise by 7.2 percent in fiscal years 2019-2020 and 2020-2021, according to the Indian Iron and Steel Association. An industry agency report also predicted that India's steel consumption could exceed 100 million tons this year. The relevant person in charge of the Indian Ministry of Steel said that due to strong manufacturing in India, diversified demand structure, accelerated infrastructure spending, expected GDP growth and strong concerns about Indian manufacturing, the growth trend of Indian steel consumption will continue. In addition, although the reduction in Goods and Services Tax (GST) will support real estate demand, the continued increase in capacity in the renewable energy sector will continue to boost demand for power equipment, which will support continued growth in steel demand.

India's steel demand growth rate will remain above 7% this year and next

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