'Jindal Steel expressed in a latest investor presentation that on a global level, Global steel demand dipped slightly in 2023 and 2024 but is expected to recover modestly in 2025. Global recovery is expected in 2025, especially in markets like the US, EU, UK and Japan after recent declines. The EU & UK had the worst dip (-9%) in 2023 but are forecasted to rebound stronger than other mature markets by 2025. China remains in a contraction phase, though the pace of decline is slowing.
India shows strong, consistent growth, far outpacing other regions. Steel production & consumption grew ~50% last in 5 yrs on government’s infra push. India will remain the net importer in FY25. Finished Steel consumption grew at 12% during FY25 (both flats and longs) reflecting strong underlying economic growth. Consumption grew 3% sequentially in Q4 FY25 driven largely by long products. Crude Steel production grew 5% during FY25 to 152 MT and 4% QoQ during Q4 FY25 to 40.1 MT. Iron ore prices have rem...
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