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Price woes may deepen for steelmakers

[ad_1] The steel industry has been bogged down by price pressures for a while now. The average price of domestic (HRC) steel dropped for the sixth time in a row in March to ₹52,857 per tonne, according to market intelligence platform BigMint. Weak demand in global markets is a key factor weighing on domestic prices. Respite in the near term appears unlikely as delayed economic recovery and a drop…

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