SteelMint

Tag: HRC imports

  • Indian HRC Imports Fall Post Safeguard Duty

    Indian HRC Imports Fall Post Safeguard Duty

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    by

    Aditi Tiwari
    in

    20% provisional safeguard duty has reduced the margin between landed cost of imports and domestic HRC prices by about 52%. Safeguard duty (SG Duty), which was imposed by Indian government a month ago, brought some respite to the pressurized domestic steel industry. As per SteelMint study, HRC imports have fallen by about 13% from 4,25,247…