According to media reports, the TATA Steel expects demand for steel to revive following the reform measures taken by the government and also the recent monetary policy easing by the Reserve Bank of India (RBI).
The company feels that currently, demand for steel remains sluggish with many infrastructure projects that have achieved financial closure not taking off.
He said that besides steel demand from the automobile sector especially from light commercial vehicle makers remains depressed.
Demand for steel, which was 74 million tonne last year, is expected to grow 4 percent to 77 million tonne in 2012-13.
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