02
Nov
14:26
Indonesia-origin stainless duty boosts Indian mills' profitability: Ind-Ra
India’s imposition of a 21-23% countervailing duty on stainless steel flat products from Indonesia should improve domestic sales realisation and profitability, says India Ratings and Research (Ind-Ra). Domestic producers were adversely affected by an import-driven supply glut in the fiscal year through March 2020 (FY20).
Indonesia-origin stainless steel flats imports rose to 280,600 tonnes last fiscal from 76,100t a year earlier, offsetting the reduction in …
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Anonymous
Very good overview of the weekly steel market.
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