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Surplus output to hit stainless steel industry

 

Surplus output to hit stainless steel industry

POSTED BY administrator on May 31 under Kitchenware

Surplus output to hit stainless steel industry
News from Business Standard:

Surplus output to hit stainless steel industry
Dilip Kumar Jha / Mumbai May 31, 2011, 0:36 IST

India’s stainless steel industry may have 1.3 million tonnes of surplus output by the end of next calendar year on the back of massive capacity additions by domestic producers.

According to N C Mathur, president of the apex trade body, Indian Stainless Steel Development Authority (ISSDA), total production is estimated to surpass four million tonnes by the end of 2012 against the anticipated consumption of 2.6-2.7 million tonnes. Consumption, however, is expected to decline further, due to the slowdown in infrastructure development. “The surplus may widen even further in case demand does not …………… continues on Business Standard
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