JSW Steel projects Stable Outlook

JSW Steel Ltd has announced the following Outlook:

Indian economy is picking up speed to accelerate the growth momentum. The manufacturing sector in the last quarter showed a robust growth of over 11%. The steel prices have shown some weakness in the last few weeks due to increased volume of exports from China. The strong demand from other geographies, namely; Russia, India and Middle East is cushioning this impact bringing stability in prices. In this scenario, the prices are expected to be stable barring short term corrections.

Source : Equity Bulls

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