India's steel demand to strengthen this year

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Source: Commodityonline
India's steel demand is likely to strengthen in 2012 and is projected to accelerate faster than world's demand for the metal, announced the World Steel Association. India's steel consumption is projected to rise by 6.9% to attain 72.5 million tons in 2012 while the demand is likely to expand by 9.4% next year amid soaring investments in infrastructural projects. At the same time, global steel demand is likely to grow by 3.6% this year.

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