New Delhi, Jan. 26 -- JSW Steel expects steel demand to rise as New Delhi's expenditure returns to normalcy in the last fiscal quarter after a slowdown through the year due to elections and formation of a new government.

Demand for steel in the first nine months of the current fiscal year saw a good growth despite low capital expenditure (capex), said Jayant Acharya, joint managing director of JSW Steel, adding that this sets the stage for 'good' growth in the medium term.

"We have seen a very strong domestic (steel demand) growth in spite of a lower capex in April to November. Post the elections, which are now behind us, and weather disruptions, the capex would improve back-ended in this financial year, so that should again play into a...