India's domestic steel demand is likely to slump during the current quarter as buying decisions are put on hold while general elections take place. Steel demand from consumer sectors such as infrastructure, real estate and automobiles has dropped due to a cash crunch in the market, said a Delhi-based manager of major private-sector producer Tata Steel. Investors are unwilling to finance construction projects or make any spending decisions before election results are announced and the new government has spent some weeks in office, said an executive at state-controlled steelmaker Sail. The general elections are being ... (full story)