Easing lockdown measures, lower logistical constraints and demand pick up has boosted sentiments in Indian domestic steel market. India's finished steel production and apparent steel consumption increased by 16% and 13% respectively in Jun'20 against May'20 signalling optimistic market sentiments. Indian mills have sharply raised steel prices in July. What is the ground reality in terms of domestic demand and what are the challenges that the end-user segment is still facing?
Let’s get insights from industry stalwarts on the current demand scenario, prices, exports and the way forward.