Ratings agency S&P has said that Government's proposed anti-dumping duty will support profitability of large domestic steel producers.
Commenting on the issue, S&P Official told the media, "The duty will support the profitability of large domestic steel producers that have a greater proportion of hot-rolled flat steel products."
"Combined with improving domestic demand, India's protection measures could support the average realisation and profitability of domestic steel producers,"
As per reports, the duty will most likely to replace the Minimum Import Price (MIP), which had been introduced in February this year and ends this month.
As per reports, JSW Steel and Tata Steel will benefit the most as they have high portion of hot-rolled flat steel in their product mix at up to 60 per cent and 40 per cent, respectively.
The Government is mulling to impose an anti-dumping duty on imports of hot-rolled flat products of alloy and non-alloy steel from six countries, including China, Japan, and Korea,
Commenting on the issue, S&P Official told the media, "The duty will support the profitability of large domestic steel producers that have a greater proportion of hot-rolled flat steel products."
"Combined with improving domestic demand, India's protection measures could support the average realisation and profitability of domestic steel producers,"
As per reports, the duty will most likely to replace the Minimum Import Price (MIP), which had been introduced in February this year and ends this month.
As per reports, JSW Steel and Tata Steel will benefit the most as they have high portion of hot-rolled flat steel in their product mix at up to 60 per cent and 40 per cent, respectively.
The Government is mulling to impose an anti-dumping duty on imports of hot-rolled flat products of alloy and non-alloy steel from six countries, including China, Japan, and Korea,
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