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07 Oct
12:50

Indian market recovers, finances remain under pressure: ICRA

India’s steel industry saw “...green shoots of recovery” in the September quarter, supported by easing mobility restrictions and improved domestic demand. However, mills’ financial performance this fiscal will remain subdued given earlier pandemic-related disruptions, says credit rating agency ICRA. The performance of steel mills, especially blast furnace players, is expected to register a healthy rebound in the September quarter. This will…
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