Author: Aditi Raj
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Steel Prices May Correct If MIP not Extended After August
Domestic steel market may register fall in prices, if minimum import price is not extended on various steel products after Aug’16, reported media sources. Earlier on 5 Feb’16, Indian government had fixed MIP on 173 steel products in the range of USD 341-752/MT in order to protect domestic steelmakers from the inbound shipments from nations like…