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Growing Chinese demand, rising global prices to help domestic steel players

Rising Chinese demand, expected supply cuts in winter and global prices rising to above anti-dumping duty levels bode well for domestic companies

Topics
Steel producers | India's steelmakers

Ujjval Jauhari 



steel plant, steel, steel factory
Steel plant

Domestic steelmakers such as Tata Steel, JSW Steel, Steel Authority of India (SAIL), and Jindal Steel & Power (JSPL) have been gaining on the bourses in the recent past, following brokerage upgrades on account of improving fundamentals. The stocks are up 24-63 per cent since their October lows, and there could be more legs to the rally.

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First Published: Mon, December 23 2019. 18:49 IST

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