India's small steelmakers cut output as weak demand, falling prices bite

India's small steelmakers face a downturn due to weak demand and falling prices, despite recent government tax cuts aimed at boosting growth. Construction slowdown, exacerbated by monsoon rains, and the impact of U.S. tariffs on consumer industries are contributing to reduced steel consumption. Producers have cut output as demand from key sectors remains sluggish.

from Industry-Economic Times https://ift.tt/z9unbH5
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