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MIP EXPIRATION ON IMPORTS
Domestic steel players likely to enjoy better profitability owing to improved pricesDomestic finished steel production, however saw a de-growth of 1.9% during FY2016 since growing imports catered to a substantial chunk of t...
Indian steel players to enjoy better profitability in near term: IcraFurther, industry players can see additional gains due to an increase in sales volumes, as imports are likely to reduce in the current year.
Investors advise caution on this year’s steel rallyAccording to Worldsteel Association, Chinese demand is likely to decline 4% in 2016 and 3% in 2017. The rest of the year may be weak for th...
Government extends safeguard duty on some steel imports till March 2018The government had first imposed the safeguard duty in September last year. This duty was expiring on March 31.