Could imports be part of the answer to India’s steel supply challenge?

Indian steel prices are expected to rise further in the coming weeks, while industry statistics show that hot-rolled coil prices rose by 4,000 rupees ($42.1) per metric ton between August and early September, reaching a four-year high, Reuters reported. Higher steel prices could add to input costs for infrastructure, construction and vehicle companies as demand for steel picks up, and that could weigh on India's manufacturing sector.

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