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13 May
20:37

Chinese export withdrawal benefits Indian mills: ICRA

China’s export rebate cancellation on 126 steel products will slow the pace of Chinese steel exports and benefit Indian steel mills, says credit rating agency ICRA. China’s steel exports rose 24% on-year in the first quarter, partly aided by a lower base and improving demand from other geographies. Another key reason behind the export growth momentum was market expectations of a cut in export rebates by the Chinese government to rein in steel productio…
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