Metal stocks surge in trade — Here are key factors behind the surge
Domestic Prices are now at par with imported steel, but if safeguard duty is imposed then it makes domestic steel more competitive as it will make domestic steel price 12% cheaper than China and 8% - 9% cheaper than imports from Japan & Korea. A safeguard duty would protect margins and support domestic pricing at a time when global steel remains cheap.
Domestic Prices are now at par with imported steel, but if safeguard duty is imposed then it makes domestic steel more competitive as it will make domestic steel price 12% cheaper than China and 8% - 9% cheaper than imports from Japan & Korea. A safeguard duty would protect margins and support domestic pricing at a time when global steel remains cheap.
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