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Commodities | Steel demand up in Feb by 5.7%, says Rastogi

Commodities | Steel demand up in Feb by 5.7%, says Rastogi
PTI
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First Published: Thu, Mar 05 2009. 10 42 PM IST
Updated: Thu, Mar 05 2009. 10 42 PM IST
New Delhi: Backed by improved demand from automobile and construction sectors, the consumption of steel increased by 5.7% to 4.45 million tonnes in February, an official said.
“Both steel production and consumption increased in February on account of a gradual revival in demand,” steel secretary P.K. Rastogi said.
As the automobile sector posted a robust growth last month, it had a reflection on the domestic steel output too, which went up by 2.8% to 4.74 million tonnes in February, as per the data of the steel ministry.
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First Published: Thu, Mar 05 2009. 10 42 PM IST