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...

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