Domestic steel players raise prices amid absence of green shoots

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Domestic steel industry has been continuously raising product prices since November despite the absence of green shoots. “There are no strong demand indicators, or green shoots, at all which can keep these price hikes sustainable. Demand from infrastructure is still to pick up and auto continues to be weak,” Sushim Banerjee, director general at Institute […]

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India’s premier industry body wants a 25% hike in import duty on steel to fight back China’s dumping

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One of India’s premier industry bodies has urged the government o slap a 25 percent import duty on all steel products to protect domestic companies against cheap Chinese imports. The Federation of Indian Chambers of Commerce and Industries (FICCI) said the government should introduce the duties in it annual budget, which is to be presented […]

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China wants EU steelmakers to be ‘rational’ about overcapacity issue – report

Riled by protests in Brussels by struggling European steelmakers demanding a stop to a flood of cheap Chinese imports, analysts in China hit back saying steel exports from the world’s second-biggest economy were within international trade norms. “China’s steel exports are strictly in line with the international trade rules, and European steel industry representatives should […]

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