Worldsteel figures underline India, China, growth
By Siobhan Lismore-Scott
Published: Tuesday, 24 June 2014
The figures from worldsteel show that India continues to grow its domestic production, a point underscored by companies such as IFGL Refractories which are moving to expand capacity for 2015. But figures also show growth in the EU, US and China – good news for refractories producers and the minerals markets which serve them.
India’s steel production
increased by almost 2% in May 2014, according to statistics
released by the World Steel Association (worldsteel) late last
week, to just over 7m tonnes.
The increase adds weight to IFGL Refractories bullish
statement in May, when the company laid out growth targets of
between...