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Steel - Sponge Iron

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

July 28 2014, 15:46

Ankit Metal okays debt recast; promoter infuses Rs 30-35cr

Ankit Metal and Power has approved a debt recast package with the promoters deciding to infuse upfro...

ADVICE

July 30 2014, 14:45

Sell Jindal Steel, Tata Power; buy Cox & Kings: Jaiswal

Manas Jaiswal, Technical Analyst at manasjaiswal.com recommends selling Jindal Steel and Tata Power and advises buying Cox & Kings.

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