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Coronavirus outbreak to impact steel industry for next 2-3 years: Pradhan

February 17, 2020

The impact of Coronavirus outbreak will be felt on global steel industry for at least two to three years, as China is the largest producer of the alloy, Union Minister Dharmendra Pradhan said on Monday.

The minister also asked Indian steel companies to enhance output, particularly special steel, to grab larger global market share.

A strategy paper was being prepared for producing 10 million tonnes of special steel at a cost of Rs 50,000 crore with 50,000 employment potential in the present scenario, he said.

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