Domestic Steel Demand Continues To Improve, Says Motilal Oswal

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.Operational data released by steel companies suggest that domestic demand has improved significantly. Capacity utilization has ramped up significantly during Q3 FY21.India’s steel consumption increased by approximately 6% YoY to ~26.5 million tonne in Q3 FY21. However, the improvement in domestic demand was much higher at 9% YoY in Nov-Dec 2020.Operational data for steel companies underscores the current strength in domestic demand. While demand for flat products started improving in late Q2 FY21, the same for long steel has picked up significantly in Dec-20.We expect domestic demand to remain strong, led by an all-round improvement in demand from auto, white goods, and construction and infrastructure segments..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Domestic Steel Demand Continues To Improve, Says Motilal Oswal

Domestic Steel Demand Continues To Improve, Says Motilal Oswal

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