The upward trend was supported by 'strong' finished steel production, which increased 12.7 per cent year-on-year, reaching 139 mt, the report said.
According to provisional statistics, steel consumption grew 13.6 per cent in FY24, reaching 136 million tonnes (mt), according to a CRISIL report.
Sahay said the industry was awaiting policies to incentivise investments in decarbonisation and demand generation for low-carbon emission steel."Use of low-carbon steel in government projects can become a starting point for demand generation.
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