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Like every other agro commodity in the world, even the price of natural rubber has seen a spike in the last one year. But given the fact that if demand is growing at a fast pace, higher input cost can be easily passed on to the consumer. That is probably what the tyre industry is going through currently. Despite the fact that natural rubber prices have moved up still the companies have been able to deliver bottomline growth and expansion in margins in the last two quarters. The question is whether the lag effect of rising raw material prices impact the performance of Q4 and subsequent ones or if OEM and replacement demand continue to act as tailwinds?
Dumping adversely affects domestic producers in the target country and the government has been taking steps to check the imports of Chinese goods. However there seems to be a degree of variation in policy responses, says the founder of Marcellus Investment Managers
The order entails carrying out several developmental works in the steel company’s township and mines located in Chattisgarh’s Bhilai. This is the fourth order-win announced by the company in this month, the total value of the same being Rs 450 crore.