India’s steel consumption is set to break records this year, reversing the performance in 2020 when demand crashed as the pandemic upended economic activity.
Economic activity in the country has revived as a deadly second wave of infections abates. The International Monetary Fund expects India to grow 9.5% this year. That’s in contrast to last year, when the economy tipped into an unprecedented 7.3% contraction, as a nationwide lockdown brought the country to a standstill.
India Set for Record Steel Consumption as Economy Revives - Bloomberg
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