The domestic steel prices in India seem to have hit a dead end in the past couple of weeks. Although the buck started with a dip in scrap and iron ore prices by 15% to 20% in April, the Chinese juggernaut has slowed down reeling under its weight of overproduction and retarded demand.
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Wednesday, May 19, 2010
Indian steel majors contemplating price reduction amidst glut and import onslaught
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