Steel producers to add 9 million tonnes capacity in FY16

Name: Steel producers to add 9 million tonnes capacity in FY16
Uploaded: 2018-02-16T16:19:57+00:00
Duration: 1 min 52 s
Channel: Mint
Description: Fiscal year 2015-16 will see nearly nine million tonnes in fresh capacity added to the existing capacity of about 95 million tonnes, estimates rating agency Crisil. While supply of steel will grow at roughly 10%, demand is expected to grow by 5-6% led by a pick up in sectors such as construction and automobiles, noted the rating agency.&ZeroWidthSpace;

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Fiscal year 2015-16 will see nearly nine million tonnes in fresh capacity added to the existing capacity of about 95 million tonnes, estimates rating agency Crisil. While supply of steel will grow at roughly 10%, demand is expected to grow by 5-6% led by a pick up in sectors such as construction and automobiles, noted the rating agency.​

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