23
Aug
12:12
Weak demand seen forcing Indian output cut
Indian steelmakers could be forced to cut production as a result of the sharp contraction in the domestic automotive industry and lower-than-expected government spending on infrastructure. So said JSW Steel managing director and group chief financial officer Seshagiri Rao in a Moneycontrol interview.
Coupled with the weak demand, prices of raw materials and steel prices have decoupled, with iron ore and coking coal increasing but finished steel prices remaining …
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Anonymous
Very good overview of the weekly steel market.
Anonymous