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Back on Growth Path- Business News

After a prolonged downturn, India s steel industry is set for good times. But it may have to expand quickly to meet the expected spike in demand

Back on Growth Path- Business News

Back on Growth Path- Business News
origin-businesstoday.intoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from origin-businesstoday.intoday.in Daily Mail and Mail on Sunday newspapers.

India s steel sector may bounce back to robust growth this year

India’s steel sector may bounce back to robust growth this year 03 Apr 2021 India’s steel demand to increase by around 22 per cent to touch the 100-million-tonne mark this year. After a brief lull in 2020, pushed by the pandemic and the lockdown that affected all industries, the Indian steel industry is expected to bounce back to a robust growth phase in 2021. Steel is regarded as an essential commodity as it is the backbone of the manufacturing industry. Recovery in demand is already visible in the construction, automobile, and white goods segments. This is expected to continue in the first half of 2021 as pent-up demand will be met.

Operations at NMDC Donimalai mine to improve domestic iron ore supply: Experts

Operations at NMDC Donimalai mine to improve domestic iron ore supply: Experts SECTIONS Last Updated: Feb 21, 2021, 04:55 PM IST Share Synopsis Resumption of mining operations at the Donimalai mine will improve iron ore supply in the country and help ease prices of the key steel making raw material, experts say. Agencies Resumption of mining operations at the Donimalai mine will improve iron ore supply in the country and help ease prices of the key steel making raw material, experts say. Mining at NMDC s 7-million tonnes per annum (MTPA) Donimalai mine in Karnataka resumed from Thursday. After remaining closed for over two years, the country s largest iron ore miner company was able to resume operations following the necessary permission and clearances from the Karnataka government.

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