| Market analysts said, on Wednesday selling in steel counter was more amid concerns that manufacturing cost may rise with hike in coal prices. |
| Steel shares were already in the selling mode on Monday (June 14) on reports that the steel ministry has mooted a proposal to set up an independent regulator to monitor and fix steel prices. |
| A regulator, in place, may affect the pricing power of steel makers. However, bargain hunting at the lower levels triggered a rebound in the stocks on Tuesday (June 15). |
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