Steel-hungry India pushes global demand to record high

Southeast Asia also boosts production, but China loses momentum

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A worker cuts iron rods in an industrial area of New Delhi. India is likely to drive global demand for steel as the Chinese market flattens.

TOMOYA ONISHI, Nikkei staff writer

TOKYO -- Global demand for steel materials is expected to rise to a second straight record this year, driven by robust manufacturing and construction activity in India and Southeast Asia.

Demand is projected to rise 1.8% to 1.61 billion tons in 2018, and 0.7% next year to another record of 1.62 billion tons, according to the Brussels-based World Steel Association.

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