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Indian Steelmakers Poised to Cut Prices on Flooding Imports
2015-02-03 11:12:04| Steel - Topix.net
Prices of hot-rolled steel, used to produce sheets, wheels, pipes and railway tracks, may fall by more than 4 percent this month to 32,500 rupees a metric ton, according to the average of six estimates compiled by Bloomberg from industry executives, government officials and analysts. Prices may not recover for a couple of quarters, unless the government acts to curb imports, they said.
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Category:Materials