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ru24.net
News in English
Октябрь
2024

Steel companies struggle with Rs 89k cr stock on rising imports

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Indian steelmakers face an inventory build-up despite increased local consumption due to rising imports. Imports surged by 41% in the first half of 2024-25 while exports dropped by 35.9%. The steel ministry is closely monitoring the situation as high inventory remains a concern for the sector. Excess monsoon rain has also impacted steel demand from the construction industry.



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