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Steel industry: From sprint to jog as export duty hike plays speed breaker

Now, beginning June, steel mills are expected to announce a cut for monthly contracts

Topics
Steel Industry | Crisil ratings | Tata Steel

Ishita Ayan Dutt  |  Kolkata 



Steel
For the secondary producers — with little exposure in export markets — greater availability and cheaper iron ore and pellets have come as a huge relief

Major economies pledged money in under-invested infrastructure in the last two years to beat the Covid-19 pandemic-induced slowdown, fuelling a rally in steel prices not seen since the Beijing Olympics-led boom in 2008.

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First Published: Wed, June 01 2022. 06:07 IST

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