It’s a tale of two nations trying to protect their domestic steel industries. Recently, Thailand decided to continue with the imposition of a “provisional safeguard” duty on the import of rolled flat steel products of a certain specification, which could directly impact India’s steel exports. Even as Indian steel manufacturers were digesting this development, a Reuters report stated India was considering imposing emergency tariffs on some iron and steel pipes, tubes and profiles to protect its domestic industry from imports, primarily from China and Italy. A report in The Indian Express said Thailand’s decision to impose the anti-import duty (first brought in this February) could be “a blow to Indian steelmakers,” which export about 150,000 tons of hot rolled flat steel products every year. The 33.11 percent duty imposed by Thailand’s Department of Foreign Trade (DFT) will continue to be in effect until August.Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner
Read More at http://agmetalminer.com/2013/05/08/indias-steel-industry-gets-good-and-bad-news-at-the-same-time/
Copyright © 2013 MetalMiner
Read More at http://agmetalminer.com/2013/05/08/indias-steel-industry-gets-good-and-bad-news-at-the-same-time/
Copyright © 2013 MetalMiner
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