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Steel makers push for exports as rural stress impacts domestic demand business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
‘User industry concern on high steel prices unfounded’ Seshagiri Rao, Joint MD, JSW Steel (file photo) - The Hindu× Seshagiri Rao, Joint Managing Director, JSW Steel speaks on steel demand and sector’s scenario amid Covid JSW Steel has been on a dream run with fresh capacity added and soaring steel prices. Though steel demand has taken a hit due to the pandemic wave, the demand is slowly recovering with the industry mastering the art of living in Covid times. Seshagiri Rao, Joint Managing Director, JSW Steel spoke to BusinessLine on the way forward. Excerpts: Will the current up trend in steel demand sustain? ....
China’s export rebate withdrawal augurs well for Indian steel exporters: ICRA Withdrawal of export rebates by China augurs well for Indian steel exporters and will also support buoyancy in international steel prices, ratings agency ICRA said on Friday. China’s steel exports have been on an uptrend in the current year and grew sharply by 24 per cent YoY in Q1 CY2021, partly aided by a lower base and improving demand from other geographies. Another key reason behind the export growth momentum was market expectations of a cut in export rebates by the Chinese government to rein in steel production, a move aligned to meet its long-term carbon neutrality targets. ....
China s export rebate withdrawal augurs well for Indian steel exporters: ICRA By IANS | Published on Fri, May 7 2021 19:48 IST | 2 Views ICRA. (Photo: ICRA). Image Source: IANS News Mumbai, May 7 : Withdrawal of export rebates by China augurs well for Indian steel exporters and will also support buoyancy in international steel prices, ratings agency ICRA said on Friday. China s steel exports have been on an uptrend in the current year and grew sharply by 24 per cent YoY in Q1 CY2021, partly aided by a lower base and improving demand from other geographies. Another key reason behind the export growth momentum was market expectations of a cut in export rebates by the Chinese government to rein in steel production, a move aligned to meet its long-term carbon neutrality targets. ....