According to the Indian Steel Association, India's steel demand is expected to maintain an annual growth rate of more than 7% in 2019 and 2020, driven by industries such as construction, capital goods and railways.

The Indian Iron and Steel Association predicts that Indian steel demand will increase by 7.1% and 7.2% in 2019 and 2020, respectively.

According to the Indian Steel Association, in the fiscal year, India's steel demand for the 2019-2020 fiscal year and the 2020-2021 fiscal year will increase by 7.2%.

The report also predicts that India's steel consumption in 2019 may exceed 100 million tons.

Indian Steel Minister Chaudhary Birender Singh said earlier this year that due to strong manufacturing in India, diversified population structure, accelerated infrastructure spending, expected GDP growth and strong concerns about Indian manufacturing, the growth trend of Indian steel consumption will continue. .

The Steel Association also said that investment-driven industries such as construction, capital goods and railways are expected to continue the healthy growth momentum driven by infrastructure projects such as Bharatmala, Sagarmala, railway electrification, dedicated freight lanes and subways.

In addition, while the reduction in Goods and Services Tax (GST) will support real estate demand, the continued increase in capacity in the renewable energy sector will continue to boost demand for power equipment.

Colombia made anti-dumping final cuts on China's carbon steel welded pipes

On April 5, 2019, the Ministry of Trade, Industry and Tourism of Colombia issued Resolution No. 063 of April 2, 2019 to make an anti-dumping final ruling on a carbon steel welded pipe originating in China with an outer diameter of 16 inches or less. Decided not to impose anti-dumping duties on the products involved. The Colombian customs codes for the products involved are 7306.30.10.00, 7306.30.92.00, 7306.30.99.00, 7306.50.00.00, 7306.61.00.00, 7306.69.00.00 and 7306.90.00.00. The resolution takes effect from the date of publication.

On April 26, 2018, the Ministry of Trade, Industry and Tourism of Colombia issued Resolution No. 088 of April 23, 2018 to initiate an anti-dumping investigation on carbon steel welded pipes originating in China. On July 30, 2018, the Ministry of Trade, Industry and Tourism of Colombia issued Resolution No. 188 of July 27, 2018 to make an anti-dumping preliminary ruling on carbon steel welded pipes originating in China, and to impose a temporary anti-dumping of 20% FOB price on the products involved. Tax is valid for 6 months. On January 28, 2019, the Ministry of Trade, Industry and Tourism of Colombia issued Resolution No. 007 of January 25, 2019, and decided to extend the validity period of the provisional anti-dumping duties imposed on the products involved for three months.