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20 Oct
07:35

Costlier steelmaking inputs could cause Indian inflation: Ind-Ra

Steelmaking input price hikes will be ultimately passed on to end-user industries, thereby leading to inflationary pressures that could eventually trickle into the Indian economy, says India Ratings & Research (Ind-Ra). The global increase in coal prices, coupled with high logistical costs and challenges, has increased overall raw material prices and ultimately fed through to finished steel prices. The costlier raw materials have adversely impacted the terms …
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