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Arnab Hazra, deputy secretary general of the Indian Iron and Steel Association (ISA), recently stated that Indian steel demand will rebound strongly in 2021 and is expected to grow by about 22% to about 100 million tons.

Arnab Hazra is also an economist, He said that the Indian economy will recover strongly in 2021, and the demand for steel for construction machinery, mining equipment and electrical products will increase significantly.

In the Indian construction sector (including infrastructure and real estate), the demand for steel accounts for about 62% of the country's total demand. It is expected that the momentum will be stronger during the year. The Indian government is also increasing investment in infrastructure construction.

In 2020, the Indian economy is deeply affected by the new crown epidemic. At present, many fields including construction, automobiles and home appliances have seen a significant recovery.