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How the automobile slowdown impacts the Indian steel industry

Updated : July 11, 2019 01:46 PM IST

According to the World Steel Association, a typical car comprises around 900 kg of steel, 34 percent of which is used in the body structure and 23 percent in the engine block and gear mechanism.
On most estimates, more than 10 percent of UK steel is consumed by local car makers. In the US and Germany, the proportion is far higher at around 25 percent.
How the automobile slowdown impacts the Indian steel industry

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