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Rise in global steel price will reflect in India and partly offset rising costs in Q4: Jayant Acharya, JSW Steel
Jayant Acharya, Jt MD & CEO of JSW Steel, discusses the impact of elevated raw material prices on margins and the increase in steel prices globally. He highlights the drop in standalone volumes due to lower exports and muted domestic sales. However, sales to institutional customers and industrial sectors have reached all-time highs. Acharya expects global steel price improvement to reflect in India, reducing imports and encouraging more exports.