Steel demand surges amid rise in auto sales

Mumbai: Indian steelmakers are witnessing a demand surge from the auto sector, one of its biggest consumers, as the beginning of the festive season late August drives sales of cars, tractors and two-wheelers.Tata Steel said it is seeing positive demand in the rural markets for tractors followed by motorbikes, the sales of which are beginning to rival levels seen before the Covid shutdowns.“The worst phase is behind us as far as auto demand is