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Steel companies margins under pressure
As the steel companies continue to hold prices, margins are under pressure. However, the new Steel Secretary seems to be sympathetic to the cause of the companies. But in an industry, which has been dented by the price hike freeze, sympathy does not seem to hold much weight. "In second quarter, the margin will be impacted by 8-10%," said Sajjan Jindal, Vice Chairman & Managing Director, JSW Steel.
