04
Mar
11:58
Increased output to stabilise Indian prices, exports subdued
India’s scrap import duty reduction should encourage secondary steel producers to increase output, thereby improving rebar supply and putting pressure on steel prices, says India Ratings & Research (Ind-Ra). Lower steel import duties should meanwhile stabilise domestic prices but a spurt in imports is unlikely as domestic values remain at a discount to China.
India’s finished steel imports were around 2% on-month and 8.3% on-year higher in January …
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Anonymous
Very good overview of the weekly steel market.
Anonymous