Steel Insights - October 2015

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SAFETY CATCH: is the safeguard duty a boon or bane?
Surging imports, predatory pricing policies and depreciating currencies of exporting countries are impacting competitiveness of Indian steel industry. The government aims to expand steel capacity to 300 mt by 2025. But will it be able to match this vision and yet have domestic industry participate in the nation-building process? The DG, Safeguards, retaliated with a recent 20% safeguard duty on flat products for 200 days. But is this enough? Steel Insights’ Cover Story explores.
Special Feature takes a look at India’s iron ore imports, which are set to decline during the fiscal as domestic production has shown considerable improvement and prices have seen a downward correction. Imports of the raw material are projected at 6-10 million tons in FY16, lower than in last fiscal.
Interview: Indian steel-makers are competitive but need support to survive dumping since imports can eventually kill India’s manufacturing, says Seshagiri Rao MVS, Joint Managing Director & Group CFO, JSW Steel.