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Ind-Ra: India’s increased domestic steel consumption & prices may trigger government intervention

13 Jan 2021 16:01 reported by Joy Liu

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According to India Ratings and Research (Ind-Ra), India’s steel prices increased due to the growth in domestic steel consumption, which might trigger government intervention to check prices.

Due to the increased prices, the cost of infrastructure projects has risen by 20%-25% compared to the pre-epidemic level. Therefore, the Indian government might intervene.

Meanwhile, automotive original equipment producers and suppliers are seeking the government's intervention to check price increases.

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