Tag: MIP
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Indian Govt Sets MIP on Bar and Rod Import at USD 449-455/MT
Import of bar and rod (under Chapter 7213, 7214, 7227) to India stood at about 0.97 MnT during Apr’15- Jan’16. Indian government on 5 Feb’16 fixed MIP on bar and rod import at USD 449-455/MT. Market participants expect this will stem the flow of import to India. During Apr’15-Jan’16, India imported about 0.97 MnT bar…