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Indian Steel Industry Poised for a Leap Forward
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NSTL
One unique feature of the commodity markets relates to their close relationship with the economy's performance, be it global or national. It influences the health and pattern of growth of a commodity and positions it for the role that it will play in the economy. This is the valid message of globalisation. The COVID-19 pandemic had afar-reaching impact on all segments of the economy. While we lost the precious lives of more than half a Million of our fellow citizens in the last two years, globally, the mortality rate exceeded 5 Million. The deadly virus took away jobs and income opportunities by putting an end to all economic activities in the initial months of the pandemic that varied widely from one country to another. It also closed all educational institutions, thereby casting a severe blow to the academic communities and making immense changes in the pattern of lives of people and their purchasing and saving preferences.