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India's steel demand set to rise 8-9% in 2025, but faced with supply concerns and potential price hikes.
India's steel demand is forecast to grow 8-9% in 2025, driven by increased construction in housing and infrastructure, as well as higher demand from engineering and packaging sectors.
However, domestic supply concerns persist due to a surge in imports and a decline in exports, which have pressured domestic steel prices.
The report also notes that a proposed safeguard duty could lead to higher steel prices this year.
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