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Steel - Large

India is currently the 5th largest steel producing nation in the world with production of over 53 million tonne (MT). Steel production has grown at a compounded rate of 9% during the period FY03 to FY08.However, there is low per capita consumption of steel of around 46 kgs as against 200 kgs of the world. The Indian steel sector has key advantages of domesti... more »

UPDATES

August 22 2014, 10:09

New govt proposal credit positive for steel market: Moody's

According to Gary Lau, government reforms playing through will lead to pick ups in demand and steel ...

ADVICE

August 22 2014, 18:59

Sell SAIL; target of Rs 62: Emkay

Brokerage house Emkay Global Financial Services is bearish on Steel Authority of India (SAIL) and has recommended sell rating on the stock with a target price of Rs 62 in its August 13, 2014 research report.

August 21 2014, 17:41

Exit SAIL, says Hemen Kapadia

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