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The unexpected arrival of duties on steel exports has wreaked havoc on the Indian steel industry and will see recently-established or signed export contracts badly impacted, Jindal Steel and Power (JSPL) managing director VR Sharma tells Kallanish. Around 2 million tonnes of export orders are in the pipeline, where either letters of credit are established or sales contracts are signed. “All through the year, we were chasing the target given by the gover…
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