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Indian steel consumption rises by 7.6% m-o-m in Oct'20

The domestic steel industry has started echoing the positive sentiments of the economy. As per the data released by Joint Plant Committee, the domestic consumption in Oct 20 was clocked at 8.65 mt, indicating an increase of 7.67% m-o-m.
Union Steel Minister Dharmendra Pradhan is bullish on increasing the per capita steel consumption, which at present is 74 kg. The industry body CII has been asked to submit a report in 30 days on how to enhance per capita steel consumption in India. Some key initiatives taken by the govt

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