Author: Nishtha Mukherjee
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India: Q2 auto contracts may be settled in INR 9,000-12,000/t range
The second quarter (Q2) is drawing to a close and there is urgency on the part of the steel mills to close their long-term contracts with the auto original equipment makers (OEMs). These negotiations will seal the deals for Q2. However, both parties have been huddled in long-drawn discussions since Jul’21 with no resolution in…