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Indian steel consumption to decline due to COVID-19 disruption: Report

Updated : July 29, 2020 02:16 PM IST

"India will remain the world's second-largest steel producer behind China after having overtaken Japan in 2018. But new capacity additions will take a back seat with weak steel consumption hurting free-cash-flow generation in the current year," Moody's said.
The agency noted that consolidation in the Indian steel sector that began in 2018 will continue in 2020.
Indian steel consumption to decline due to COVID-19 disruption: Report

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