Secondary steelmakers in Indian market are continuously struggling due to falling margins as demand is not much supportive, which is one of the major reasons behind cheaper selling price of high costing made steel.
Manufacturers mentioned that they require a minimum price gap of INR 10,000/MT but they are not receiving it. They are currently running their plants hand to mouth.
However, market participants are expecting for a big relief to Indian steel industry with the upcoming union budget. It will be interesting to see that what kind of initiatives the NDA government will take to guard secondary steelmakers.
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