Rising cheap Steel imports is ‘very disturbing’ and this along with higher Iron ore exports will put the local Steel industry in a disadvantage, JSW Steel Ltd Managing Director Sajjan Jindal said.
“We shall continue to impress upon the government to take appropriate steps and implement policies, which will arrest this trend,” he told shareholders at the company’s annual general meeting on Tuesday.
Steel prices have fallen in the past few months mainly on account of destocking, Jindal said adding “the real demand for Steel is still intact.”
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