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Indian Steelmakers May Be Turning A Corner. Here’s Why
Indian steelmakers may face a revival on the back of higher capacity utilisation and a pick-up in domestic prices of the alloy.
03 Dec 2019, 12:56 PM IST
Profits of Indian steelmakers fell to multi-quarter lows in the three months through September as higher supply and weaker demand, coupled with fears over the U.S.-China trade war, led to lower steel prices.But analysts and companies expect a revival soon.Here’s why the next few quarters may be better for steel companies than previous two.
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