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Indian steel prices will face pressure
Mint Mumbai
|March 19, 2025
Indian steel prices will face pressure in the upcoming fiscal year as local mills grapple with cheaper imports from China and rising risks from aggressive tariff policies, Fitch Ratings said on Tuesday.
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The agency reduced its headroom for ratings upgrades for India's top steelmakers by market cap, JSW Steel, currently rated "BB" with stable outlook, and Tata Steel, which it rates "BBB-" with a negative outlook.
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