Govt.of India taken measures to protect the steel sector......means ?
There is a serious problem is going on Steel Sector.......hence, to face save measures have been initiated by Government...
Major Problem is .....in 2008....there was a huge demand....Companies raised big capex and new projects implemented.........without long term plan......(Corporate Idiots)
Now...all steel plants have over capacity.....running with high cost.....
Hence....don't be bullish on Steel Sector based Govt...action....nothing bullish....
The above message is to share the knowledge........no way related to our trade...
Take Care....
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