So far 173 products were under the ambit of MIP and sources say only 107 products have got recommendation for anti-dumping duty.
On February 5, the government imposed minimum import prices (MIP) on steel products for a period of six months in a bid to stop the deluge of cheap imports.
Analysts estimate close to 10 million tonne of iron ore was lying idle at these mines after the ban which was imposed a couple of years ago.
In an interview with CNBC-TV18, he said that there is no big 'uptick' in steel demand and expects iron ore prices to go up by Rs 500 per tonne, which will be an added burden on the industry.
Sources also say the company is reviewing other European operations in a bid to identify non-performing assets and sell the same
Speaking to CNBC-TV18, Chintan Mehta, Metal Analyst, Sunidhi Securities says many power plants now have an ideal inventory of 20 days against an inventory of three to four days earlier.
Chintan Mehta of Sunidhi Securities says a merger will be beneficial for Vedanta. The merger timing is right for Vedanta as the share prices of both the companies are almost the same.
In an interview to CNBC-TV18, Chintan Mehta, Metal Analyst, Sunidhi Securities shares his views on metals and his preferred stocks going ahead.
Chintan Mehta, metal analyst at Sunidhi Securities is bullish on Tata Steel and JSW Steel.
Chintan Mehta, metal analyst at Sunidhi Securities is of the view that one may look at Hindalco Industries.
Chintan Mehta, Metal Analyst, Sunidhi Securities believes it will be a positive for metal manufacturers who don't have captive mines but could be a set back for players like NMDC