There are strong rumours that the slab of excise duty in steel is going to be reduced to 12%
As a result the price structure of steel will remain uneffected even if there is a price increase in the steel sector which is expected to be due in the month of March.
The price increase in Spring Steel Strip( CRCA Steel Strip and Hardened Tempered Steel Strip) is inevitable, but the excise part will balance the effect of the price increase.
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