Maharashtra clears 937 hectares for Gadchiroli steel expansion Steel stock surges 29% in just two days Steel output rises 14% to 9.25 MT Infrastructure boom fuels India’s steel consumption
Indian steel companies are likely to slow down their capacity expansion plans as rising steel imports continue to pressure profit margins, analysts say. The increased inflow of cheaper steel from countries like China and Russia is undercutting domestic prices, raising concerns about profitability.
Key Details:
Market Impact:
Steel stocks have been underperforming due to weak margins and the threat of increased imports. Analysts believe that unless import restrictions are introduced, capacity expansion may remain subdued.
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