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30 May

Rising imports will not threaten Indian steelmakers: Ind-Ra

Cheap Chinese-origin steel imports into India will not threaten Indian steelmakers, as China is expected to continue with its supply discipline policy as well as more production cuts in 2023 versus 2022. Also, China’s domestic demand could rise, preventing an oversupply scenario, says India Ratings & Research (Ind-Ra) in a recent report seen by Kallanish. According to Ind-Ra, the steel sector will continue to face headwinds from global macro trends, and …
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