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    HomeNewsOpinionIndia’s steel producers are caught between China and a hard place

    India’s steel producers are caught between China and a hard place

    China’s weak economy is pressuring iron ore prices and in turn depressing global steel prices and instead of cutting output its steel producers are exporting more, thereby turning the heat on Indian steel producers

    Ravi Ananthanarayanan
    August 08, 2024 / 12:48 IST
    India’s steel producers are caught between China and a hard place

    If the Chinese government compels steel companies to cut output to lower pollution during the winter months, as it has done in the past, that can limit output and give some support to prices

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