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Any further drop in steel prices not feasible, says SAIL

Updated : December 27, 2018 09:36 PM IST

There are strong indications that the domestic prices have already bottomed out for two reasons, it said.
While the first reason is substantial de-stocking in the market, the second reason is that the domestic demand is coming back to track with improvement in liquidity position, the company added.
Any further drop in steel prices not feasible, says SAIL

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