ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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company attributes its low turnover to the delay between the commissioning and stabilising of production on the new wire rod mill. The stoppage of exports to the US fallowing the levy of anti-dumping duties accentuated the downward trend. Recession in the steel industry applied a downward pressure on steel prices while the increasing prices of raw materials, especially increase in the landed prices of imported steel scrap, had to be absorbed which had an adverse effect on profits.

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