Atmanirbhar 3.0: Demand for steel, cement is set to climb

Demand for steel and cement, two capital-intensive sectors undergirding physical infrastructure, is set to climb as real-estate and affordable urban homes emerge as the prime beneficiaries of India’s renewed drive toward achieving industrial self-reliance.

“The urban housing, affordable housing and infrastructure sectors account for around 60 per cent of the total cement demand,” said ICRA ratings senior vice president (Cement) Sabyasachi Majumdar.