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Lower prices, cheap imports hit SAIL's July-Sept earnings

2015-11-06 21:36:15| Steel - Topix.net

Country's largest steel maker Steel Authority of India has reported a net loss of Rs 1,055.96 crore for the July-September quarter of the current financial year, hit by depressed steel prices and fall in sales in the aftermath of an onslaught of cheap imports from China, Japan and Korea. The steel maker had reported a net loss of Rs 321.64 crore in Q1.

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