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India steel mills seen cutting prices on China export surge

Average drop set to be 1,500 rupees per tonne; imports up 53% in Q2
Saturday, August 8, 2015 - 05:50

Mumbai

SURGING Chinese exports and a glut on world markets are expected to force India's steelmakers to cut prices this quarter.

Chinese mills are maintaining production even as economic growth slows and domestic demand falters, leaving exports as the only outlet. It means that

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