Posco-Adani steel project could add to India's oversupply, sources say

Posco and the Adani Group’s recently announced steel project will likely add to the steel oversupply in India until demand picks up sufficiently to consume the surplus volumes, market sources told Fastmarkets this week.

“While steel demand in India is expected to increase until 250 million tonnes per year eventually, it really depends on whether this project is started up and how economic development...

Published

Paul Lim

January 20, 2022

09:26 GMT

Singapore