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India’s local steel manufacturers face the heat from China

The Make in India campaign is under way, and steel manufacturers hope to benefit - but with the auto industry accounting for 15% of India's steel consumption, steel demand hinges on car demand

The Indian government, led by Prime Minister Narendra Modi, has been creating much emphasis on manufacturing in India. In the third quarter of this year, the government launched the 'Make in India' initiative, in a move aimed at providing impetus to the country's manufacturing segment.

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