 "Steel industry continues to see protection benefit")
Steel companies with a sizable presence in flat steel products are beneficiaries of better pricing, becuase of tariff protection, in the domestic market. Prices of hot-rolled steel in the Mumbai market, a flat product mainly used in the automobile industry, have jumped 21 per cent since the beginning of 2016. This, in a business environment where consumption has remained sluggish and scope for price discovery minimal, due to curbs on imports.
Flat products have also managed to move up the price ladder in the domestic market, some of the increase being due to rising input costs. However, the same
Flat products have also managed to move up the price ladder in the domestic market, some of the increase being due to rising input costs. However, the same
