23
Jun
14:38
Import barriers boost India prices, but demand sluggish
Thanks to minimum import prices (MIP), higher international steel prices, and low raw materials prices, Indian steelmakers should report improved performance in the quarter through June (FQ1), according to Care Ratings. However, sustained improvement will depend on a recovery in domestic demand, the growth of which remained a sluggish 3.8% on-year in May.
The imposition last February of MIP on 173 steel products “… has provided the desired shot in t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous