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25 Feb
13:43

Minimum prices, capacity expansion boost JSW Steel's income

JSW Steel’s income should grow in the near term thanks to India’s minimum import price (MIP), weak raw materials markets, and increased shipments following capacity expansions, according to credit rating agency ICRA. However, the extent of demand improvement depends on domestic demand/supply balance, international steel prices and the duration of MIP. The finances of overseas subsidiaries JSW Steel USA, Chile-based iron ore miner Santa Fe Mining, and…
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