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Outlook 2025: Govt capex, safeguard duty key to steel sector performance

Business Standard LogoBusiness Standard1d ago

Outlook 2025: Govt capex, safeguard duty key to steel sector performance - Business Standard

Quick Summary:

Prices reached a four-year low, driven by weak demand, increased imports and greater domestic mill supply availability, it said.

Steel companies have been raising the pitch that low-cost imports especially from China has led to price erosion, leaving little scope for reinvestment.

A surge in imports, lower exports and weak prices dragged the Indian steel industry in CY2024.


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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-06 @ 13:56:44 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 822 words

Reading Time: 5 minutes read

Sentences: 6 lines

Sentence Length: 137 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 24913102

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About Business Standard

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 317 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 3 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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  • URL: https://beamstart.com/news/outlook-2025-govt-capex-safeguard-17361529544073

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