According to the latest report by PricewaterhouseCoopers (PwC), India is relied upon to see an increase of 6 percent in its steel demand amid 2015, while the global demand is likely to stay at 2 percent.
As report revealed, higher demand is likely to come from India, with forecast growth of 6 per cent in year 2015 compared to 1.8 percent in year 2013.
The report said, steel demand growth across the globe is expected to remain around 2 per cent in 2014 and 2015, down from 3.8 per cent in 2013.
As understood the report further deeply, a slow demand in overall global market is likely to continue as demand from China, the world’s biggest steel consumer, declined extensively.
The fall in raw materials costs and weaker demand may bring steel organisations some hard times and tough challenges.
PwC is one of the world’s largest accounting networks. The company is one of the Big Four in accounting industry, along with Deloitte Touche Tohmatsu, Ernst & Young, and KPMG.
PwC provides assurance, tax, and advisory services. The company has offices in more than 160 countries.
