Indian steel earnings: Q2 margins likely to be hit by falling HRC prices
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Indian steel producers are anticipated to experience weaker earnings in the second quarter of FY26 due to falling steel prices impacting margins. While easing raw material costs may offer some relief, non-ferrous players are expected to see stronger margins. The government emphasizes developing specialized high-grade steel to reduce import reliance, supporting the auto industry through initiatives like the PLI scheme. What's Your Reaction?
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