Govt has extended anti-dumping duty by two months on certain cold-rolled flat steel products
JPC is officially empowered by the ministry to collect data on the iron and steel industry
Iron-ore & power costs, coal supply are key issues; industry wants cheaper scrap from SAIL units too
Worried over tough trade climate in Trump era, feels impelled to take a stand for fairer markets
Despite a rise in steel prices since mid-2016, the private sector has found it hard to add new capacity
The MIP on steel products that has cushioned the domestic industry for almost a year will end on February 4
Steel consumption in India grew 3.3% to 62 mt during April-December 2016
Medium frequency furnaces account for about 9% of low quality steel capacity
This closure comprises only 9% of the low quality steel capacity which is again a small portion of the total 1.13 bn tonne steel capacity
However, demand being weak at home, mark up will be lower than the Rs 6,000 hike planned earlier
Interview with Steel Secretary
Total loan exposure to India's over $100-billion steel industry, the world's third largest, is about Rs 3.13 lakh crore
Steel imports last month rose 3.6 per cent to 0.61 million tonnes (MT) compared to August 2016
There is scope for hike in steel prices, which can fuel the stock rally in the markets
Steel Secretary said the government was expected to impose provisional anti-dumping on 21 steel products within two weeks
In its preliminary findings, the directorate general of anti-dumping and allied duties has recommended the duty
Consumption to move up further to 90.6 million tonne in FY18
Capacity utilisations remain stagnant at 68.3% on year-on-year basis, fall by 3.7 percentage points sequentially
The steel producers and protection increases the cost of goods for consumers
Likely to accrue a benefit of $100 billion to domestic steel sector