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JSW Steel and Tata Steel splurge to prepare for post-COVID demand

India's largest steelmakers begin to rebound despite subdued domestic demand

JSW Steel and Tata Steel plan large capital expenditures over the next few years because they see global demand rising as the pandemic recedes. (Source photos by Reuters)

MUMBAI -- JSW Steel and Tata Steel plan to spend around 850 billion rupees ($11.4 billion) on projects over the next few years, expecting global demand to pick up as the pandemic recedes.

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