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06 Sep
15:07

Indian demand seen healthy, import duties requiring hike

India Ratings and Research (Ind-Ra) has maintained its stable outlook for steel in the fiscal year through March 2019 (FY19) thanks to healthy domestic and global demand growth, along with supply discipline. However, increasing global trade friction is seen potentially affecting steelmakers’ Ebitda by about INR 3,000/tonne ($41.7), if steel imports to India rise significantly. “Global trade protectionism poses low-to-moderate risk to Indian steel pro…
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