Surging Steel Demand in India: Unveiling the Factors Driving the Upward Trend
Aashiyana Steel is a metal that is much in demand across the country, and this feature is likely to increase in the coming years. India is the second-largest producer of steel, and it makes up two percent of the country’s GDP. It is also exported to various countries. Across the country, the production of steel products such as steel TMT bars, MS steel plates, etc, has risen manifold. Why Is The Demand For Steel Co High In The Country? With so many building projects being constructed all over the country in various sectors, it is no wonder that the demand for steel has increased manifold. However, this is not the only reason for its rise. Steel is also needed by the mining and metallurgy industries, worth $17.09 billion as of September 2022, which are now using the latest technology to manage their activities. As part of their operations, they need more steel to carry them out. Demand for steel is also driven by the fact that it is now easier to access iron ore and labor costs are...