Domestic steel consumption decreased by 9.1% year-on-year last year, according to Tata Steel Thailand, a unit of India’s largest steelmaker.
Steel manufacturers are pinning their hopes on the government’s new and old infrastructure development projects to boost sluggish steel consumption in the country.
The state budget for fiscal 2024 could drive these construction projects once it is approved, said Chaichalerm Bunyanuwat, president of the EAF Long Product Steel…
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