Rain to Rupee Boost Steel as Festivals Approach

Rain to Rupee Boost Steel as Festivals Approach

Dhiraj Singh/Bloomberg

A worker stacks stainless steel kitchen mixer bowls at Dhruv Metals workshop in the suburb of Mira-Bhayander in Thane, India. Higher demand and firmer prices will help Indian steelmakers recover from the slowest sales growth in at least five years in the quarter ended June 30.