11
Feb
09:24
Minimum import price seen boosting Indian coil $50
India’s Minimum Import Price (MIP) imposition will allow domestic mills to increase hot and cold rolled coil prices by $50/tonne. A recovery in profits is unlikely however given overcapacity, according to India Ratings and Research (Ind-Ra).
Ind-Ra expects MIP to curtail around 60% of overall steel imports, allowing domestic mills to absorb more demand and increasing local capacity utilisation by around 4%. Prices for products under safeguard duty may rise…
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Anonymous
Very good overview of the weekly steel market.
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