Tag: Import parity
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Indian HRC Import Parity Pricing Equalizes Post Safeguard Duty
Domestic HRC prices unlikely to go below current levels after imposition of provisional safeguard duty. Imposition of 20% provisional safeguard duty on hot rolled products announced on 14 Sept’15 by Indian government brought cheer in the Indian market. With 20% safeguard duty, the landed cost of imports has become equal to domestic HRC prices, which…