Tag: MIP on steel
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MIP on Steel a Setback for Engineering Exports – Indian Engineering (EEPC)
The imposition of Minimum Import Price on steel products will surge raw material costing for engineering products by about 6-10%, says Engineering Export Promotion Council of India (EEPC). Engineering segments such as auto and auto parts, industrial and electrical machinery, products of MSME sector, which have been tussling with low margins and severe competition, will face…