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India's demand for steel contracted by 91% y-o-y in April 2020 with end user industries' like auto real estate and infrastructure that constitute 80% of demand, coming to a virtual standstill.

It also shipped abroad 180,000 tonnes of steel billets in the month, mainly to China.

JSW Steel is confident of completing the Bhushan Power and Steel acquisition even in the current state of economy ravaged by Covid.

An investigation is ongoing to establish the possible source of infection.