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07 Jul
12:42

Rising steel prices likely to correct: CARE Ratings

Supported by easing steel supply and normalising economic conditions, global steel prices are likely to tone down during the second half of 2021, says CARE Ratings. The global market witnessed a 15% year-on-year increase in steel output during the first half of 2021, led majorly by steel giants China and India, owing to post relaxation of lockdowns and strong market demand, the ratings agency says in a report read by Kallanish. Amid lockdowns and pandemic sl…
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