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May 16, 2022 - BY Admin

Sharp fall in metal prices may spur consumption Producers margins to be hit.

According to CRISIL Research, India imported close to 57-59 million tonnes of coking coal - a key input for steelmaking - worth Rs 1 trillion in fiscal 2022

 

A weak rupee will make imports of input materials more expensive for metal firms but better export realisations may cushion the impact to an extent. Rupee depreciation has a three-way impact on the steel industry – imports of raw materials will become expensive but exports may get a push.-- financialexpress