Tag: MIP on steel

Weak sentiments prevailing in current Indian market as the government clarified delay in MIP is driving down MS billet prices to low levels. Offers have dipped in the range of INR 1,000-2,000/MT across major regions within a week. Sharpest price corrections have been seen in markets like Ahemdabad (-2,000), Raipur (-1,800), Mumbai (-1,700), followed by…