India steel industry in trouble because of cheap imports; capacity utilisation at 4-year low: ICRA
New Delhi [India], December 12 (ANI): Capacity utilisation of domestic steel industry in 2024-25 is poised to slip below 80 per cent for the first time in four years as cheap imports nibble at market share, according to rating agency ICRA.
Fresh upcoming capacity addition plans could be at risk of a slowdown unless earnings of domestic steel mills inch up from prevailing levels, the rating said in a statement Thursday.
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