08
Feb
11:32
Infrastructure spend seen offsetting India duty reductions
Indian import duty reductions could put a dampener on domestic steelmakers in the near term, but this will be offset by a sharp increase in infrastructure spending in the government’s 2021/2022 budget, ICRA says.
The duty reduction on steel scrap and planned doubling of shipbreaking capacity by the fiscal year through March 2024 should result in improved feedstock availability and lower input costs, the credit rating agency observes.
Indian authorities have…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous