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Indian steelmakers raise domestic sales as Europe tightens imports and China squeezes margins
Indian steel producers are redirecting more output to the home market. The move follows tighter European import rules and margin pressure from Chinese suppliers. @Reuters reported the development.
Jul 21, 5:15 AM·1m read1 source
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Indian steelmakers are increasing sales in the domestic market as European import restrictions tighten and Chinese producers squeeze margins, @Reuters reported. Europe is tightening steel imports. China is squeezing steel margins.
Indian steelmakers are pivoting to the home market in response. The shift reflects direct changes in trade access and competitive pricing. Domestic sales volumes have risen as a result.
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