Category: CRC
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India: Steel mills and auto OEMs continue to negotiate contracts
The controversial auto contracts for Apr-Sept ’21, which should have been finalised at the beginning of the current fiscal, are still hanging fire with steel mills and auto Original Equipment Manufacturers (OEMs) continuing to be at the negotiating table. The mills had sought INR 10,000-11,000/t increase in their offers to the auto makers for the…