Tata Steel Thailand (TSTH), a business unit of India’s largest steel maker, expects steel consumption in its 2021 fiscal year (April 2020-March 2021) will increase by 8% year-on-year to 1.29-1.30 million tonnes due to growing demand from state infrastructure investment projects.
Chief executive Rajiv Mangal said his company also received a good response from customers in many industries.
“Thailand has market potential for steel products, especially high quality ones. The company is moving in the right way,” he said yesterday.
From April to December last year, total sales volume increased by 6.35% year-on-year to 937,000 tonnes, the highest record since 2017.
TSTH’s…
