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10 Jun
18:24

Cheaper ore to support Indian export push: Ind-Ra

Indian steelmakers will be supported in their push for exports to offset weaker demand by lower domestic iron ore prices, according to India Ratings and Research (Ind-Ra). Chinese steelmakers’ costs, on the other hand, are rising due to costlier raw materials and environmental compliance. “There seems to be a short-term opportunity for Indian companies to cater to those markets which were earlier catered by China, Japan and Russia,” Ind-Ra says i…
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