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03 Feb
17:04

Indian demand growth accelerates, coronavirus impact limited: Ind-Ra

India Ratings & Research (Ind-Ra) expects limited short-term downside to Indian steel prices, notwithstanding the impact of the coronavirus outbreak on the domestic steel sector. Demand growth is expected to accelerate in the March quarter compared to April-December 2019. Demand from the construction and infrastructure sector is picking up, reflected by the consumption of long steel products which was around 16% higher in December 2019 when compared to the 201…
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