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IDBI Capital: Steel Cycle Bottomed Out; Margin Recovery Ahead
Covid-19 is likely to lower India’s domestic steel demand by 18% year-on-year in FY21E, IDBI Capital says in a research report.
03 Sep 2020, 07:25 PM IST 
A worker works while sparks fly as molten steel is poured from a ladle at an arc furnace in the steel melting shop of the Jindal Steel & Power Ltd. plant in Raigarh, Chhattisgargh. (Photographer: Udit Kulshrestha/Bloomberg)
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
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