The Indian primary steel industry has witnessed a sharp rebound from the second half of fiscal 2021 despite the challenges posed by the Covid-19 pandemic. While the pandemic-related risks persist, sector analysts MANISH GUPTA & NAVEEN VAIDYANATHAN of CRISIL Ratings believe growth momentum for the steel industry could sustain in FY2022. This would help steel makers fortify balance sheets even as they continue to invest for future growth.
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