SAIL, NMDC are down up to 9% in 1 month; is it time to buy steel stocks?

Steel stocks have been reeling under severe pricing pressures, led by cheaper imports. Over the past one month, stock prices of steel companies have declined up to 9 per cent on the National Stock Exchange (NSE). Investors, however, may use the correction to enter the pack as pricing pressure may be bottoming out, believe analysts.

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