The spread of coronavirus, coupled with rising threats of cheap imports from China, Japan and South Korea, has kept the lid on domestic steel prices and forced steel producers to consider pruning production in the short term, amid subdued demand. In a recent report, Kotak Securities has projected a price cut of Rs 1,000-1,500 per […]
India’s aluminium industry has urged the Centre to cut basic custom duty on critical raw materials in the upcoming Union budget, saying high duties will be detrimental for local manufacturers. In its suggestions for the Union Budget for 2020-21, the aluminium industry has said that the basic customs duty on raw materials like caustic soda lye should […]
Anti-dumping duty on 21 flat-rolled products of non-alloy steel such as corrugated sheets are in the offing, the Financial Express newspaper quoted steel secretary Aruna Sharma as saying. The notified provisional anti-dumping duty on 15 wire rod of alloy or non-alloy products would be implemented soon, the report added. Following the imposition of minimum import […]
India’s ambition to become a steel producing colossus will be hampered by its own democratic system and the government’s inability to sink in huge sums into an industry that needs massive investments, a Chinese newspaper has said. Raising doubts over India’s intention to triple its steel output after Prime Minister Narendra Modi said last year […]
