Will India’s steel roadmap benefit upstream markets?

By Shruti Salwan
Published: Wednesday, 10 August 2016

India’s Ministry of Steel has been reviewing its roadmap to protect the domestic steel sector. However, the measures may not be enough to revive the country’s ailing steel industry, failing to address demand for refractories or refractory raw materials.

15.00 Following on from its efforts to protect the domestic steel industry, India’s Ministry of Steel has extended the minimum import price (MIP) on 66 steel products for a period of two months, now applicable until October 2016, as the industry suffers from falling steel prices and cheap imports....

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