MIP

All imports will soon be looking at anti-dumping duty:Steel Secy

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The government on Thursday extended the minimum import price (MIP) only on 66 steel products till October 4. The earlier MIP, which was on 173 products, ended on August 5. The MIP is on imports from 6 countries namely Japan, Korea, Russia, Indonesia, China and Brazil and will protect the industry against cheap imports. Of …

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Positive on JSW Steel as prices firm up, imports abate: JPMorgan

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JP Morgan has re-iterated its ‘Overweight’ rating on JSW Steel with a price target of Rs 1,500 in a note to investors citing possibility of marked improvement in FY17 EBITDA/tonne for large domestic players due to upward momentum in domestic steel prices and declining pressure from imports. “As such, JSW is well poised to see …

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