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SAIL likely to cut output

The state owned steel maker Steel Authority of India (SAIL), may cut output as demand for vehicles, homes slump and commodity prices tumble reports Business Standard. Production of some of the products, including hot rolled (HR) coils and long products, at SAIL may be cut temporarily said Steel Secretary Pramod Rastogi. The company due to falling demand for long products and HR coils in India had cut down the production of HR coils and long products by 37% last year.   read more »

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