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30 Jun
12:44

Acquisitions boost Tata Steel sales, foresees demand rebound

Indian demand is expected to improve gradually with the phased lockdown removal and increased state spending, driven by rural, pipeline and other segments where Covid-19’s impact has been lower, Tata Steel says. This, coupled with robust raw materials prices, is expected to support Indian steel prices. Seaborne iron ore prices are buoyed by strong demand from China; however, they are expected to soften on improving supply. Coking coal prices are expected to …
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