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Pricey ore, tepid local demand, Chinese imports weigh on steelmakers' margins.


Date: 31-05-2024
Subject: Pricey ore, tepid local demand, Chinese imports weigh on steelmakers' margins
Domestic manufacturers have approached the government seeking protection in form of higher import duties.

Margins for India's primary steel makers could be dented by a triple challenge in hand -----escalating iron ore prices, depressed local finished product prices and the looming threat of rise in cheap Chinese imports.


This is the third time in the past decade that local producers are confronting

 Source Name : Economic Times

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