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28 May

Elections drag Indian domestic coil demand

Indian domestic hot and cold rolled coil market demand remains muted, impacted by elections, Indian traders tell Kallanish.  Domestic demand and prices have fallen in the last few weeks due to India’s general election-related lull in activity. Market participants do not expect a significant rise in demand post-elections, as the monsoon season will start in June. India has completed Phase 6 of voting so far. Phase 7, the final phase of voting,…
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