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JSW Steel reduces FY25 capex, defers expansion.
Baosteel made a net profit of $188 million, down from 3.8 billion yuan in the year-ago period.
The company recorded 9% YoY increase in sales in Q2 FY25.
It is a pilot project, demonstrating the use of green hydrogen in steelmaking.
AAI pointed out that imports of primary aluminium have doubled in recent years.
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