The Indian economy experienced an economic slowdown with high inflation in fiscal year 2012. India's steel
industry also suffered a minor slowdown but managed to record a y/y consumption
growth of 6.8%, the second lowest in a decade.
The first seven months of 2012 saw a rise in imported steel shipments from China, Japan and Korea into the
country. The slowdown in Chinese steel demand created a problem of oversupply, which resulted in a decline in global steel prices.
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Keep on reading: Imbalance in demand and supply rocks steel prices in India
Keep on reading: Imbalance in demand and supply rocks steel prices in India