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Steel price cut unlikely: Steelmakers

PUBLISHED ON: March 28, 2008 | Duration: 2 min, 06 sec

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The Indian steel industry has managed to avert the threat of declining margins by working out a quid-pro-quo with the government and for now it looks the much feared introduction of an export tax and a cut in the import duty will not happen, a measure that was being considered by the government to try and bring down steel prices.
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