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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

Ravi Ananthanarayanan   •

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

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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