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Tycoons vie for control of India's steel sector

They are moving in as creditors seek the approval of India's new bankruptcy court to sell assets of as many as 40 firms, including steel producers


SURGING steel prices and a new Indian insolvency law have set the stage for an industry-defining battle between tycoons and producers for more than US$26 billion of the sector's most coveted assets.

Creditors are seeking the approval of India'...

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