steel industry, which suffered severe adverse effects of the drastic fall in domestic demand in the first five months, staged a surprising comeback in the latter part of the year.Large integrated steel players are likely to see their market dominance increase this year, with both prices and volumes picking up since September and expected to hold stable till the March quarter.
This would make them stand apart in a manufacturing sector that has been battered by covid-19.Also Read | Dark underbelly of India Inc’s shop floors“With a proof of a more broad-based pickup in economic activity with every passing quarter, we believe that the recovery in domestic steel demand will sustain in the near term at least," said Jayanta Roy, senior.