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Strengthening Balance Sheets Could Spur Future Growth

Strengthening Balance Sheets Could Spur Future Growth

The Indian primary steel industry has witnessed a sharp reboundfrom the second half of fiscal 2021despite the challenges posed by the Covid-19 pandemic. While the pandemic-related risks persist, sector analysts at CRISIL Ratingsbelievegrowth momentum for the steel industry could sustain in FY2022. This would help steel makers fortify balance sheets even as they continue to...