Lower capacity utilization and lower prices pose a double whammy for SAIL
"Domestic steel producers should take all steps to promote use of steel at the earliest as time is of essence in the fast changing business scenario," a statement by domestic steel giant SAIL said quoting the Minister at a customers meet in Jind (Haryana).
Downstream steel processing industry body Federation of Industries in India has alleged that protection provided by the government to domestic steel producers is "one-sided".
In order to avoid the safe guard duty, the Chinese are under pricing the products, so there has been no relief for the domestic steel producers as such, said Seshagiri Rao, Joint Managing Director of JSW Steel.