Steel industry experts believe global demand to pick up, and buoyed on this rejuvenated demand, manufacturing too, will tread the recovery step. Though high interest rates may continue to weigh on steel demand to some extent, growth will expectedly rise in most regions. In global steel scenario, the Indian steel industry is in a brighter spot feel experts. Having dealt with inflation well, the country's economy is healthier, with a rising share of investment in GDP owing to a considerable government spending on infrastructure.
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