Steel production increased by 6.3% in August 2017. India is the 3rd largest producer, with plans to double production by 2031. Demand is high in construction, auto, and consumer durables.
Domestic tractor sales are expected to grow by 16%-18% in fiscal 2017, despite demonetization's impact. October saw a record 44% rise, but sales were affected in November due to cash drying up. Maharashtra, Madhya Pradesh, and Uttar Pradesh are expected to drive demand.