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Moody’s Investors Service forecast a 10% decline in Indian steel consumption for fiscal year 2021, the Economic Times reported.

Nonetheless, Indian steel companies are upbeat, with some chief executives seeing the first green shoots of recovery. (For additional news and analysis of trends in steel and other metals markets, sign up for MetalMiner’s Gunpowder e-newsletter.)


copper smelter

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This morning in metals news: the copper price inched upward Wednesday; U.S. coal-fired plants have been transitioning to natural gas; and Norilsk Nickel recently released its production results for the first half of the year.