Tag: Minimum floor price
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Indian Steel Traders Halt Sales in Anticipation of Minimum Import Price
With steel imports likely to touch 15 MnT in fiscal year 2015-16, government expected to impose MFP very soon. In a move to protect domestic steel industry from cheap imports, government is expected to announce minimum floor price (MFP) on steel imports. MFP is a set price below which imports would not be allowed in…