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Steel Sector again in rebound mode
The strong rebound in the steel sector is one of the bright sign for Indian economy. Production of leading steelmaker TATA Steel JSW Steel has crossed up the level of Pre Covid-19 in Q3 & Q4 with strong demand in infrastructure & Auto Industry. while their average utilization has grown up to 85% & the market share of top 6 steelmaker has grown upto 65% up from 65% historical. Supply Crunch, High Iron price and a financial crunch that has been more telling about smaller companies may be among reasons of of their contrast.
55% share of top six steelmaker in total production in pre covid-19
65% share of top six steelmaker in total production in October 2020
65% Industry's average capacity utilization in October 2020
85% Capacity utilization of top 6 steelmaker in October 2020
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