Tata Steel sees up to 11% demand growth in current fiscal
The spike in interest rate might not impact steel demand in the country in the current fiscal as it is slated to grow by up to 11% backed by higher infrastructure spendings, Tata Steel said.
Speaking to reporters last evening here, company managing director HR Nerurkar said that there was a bit of concern regarding commodity inflation, but that has not reached to a proportion which could be dubbed as “alarming”.
“There is a bit of concern on inflation. It is not as serious as a crisis. There will be bit of impact. We don’t see any big problem. The situation is not alarming at all,” Nerurkar said.
The apex bank, in order to rein in the runaway inflation, has increased the policy rates 10 times since March last year pushing headline inflation to over 9% in May this year. For more visit: Business-Standard
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