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India's rising steel demand is making companies starry-eyed

India's rising steel demand is making companies starry-eyed

Thursday, October 18, 2018, 1:02 PM

Steel companies are behaving like children in a candy store. Their appetite for distressed steel assets remains robust, despite worrying external events such as trade wars and the resultant scaling down of global growth projections. Despite the fact that investors are worried about steel companies taking on more debt than they should, it has not melted the resolve of Indias steel companies.
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