Of the 173 products, MIP will be on 66 products and rest of the products will come under anti-dumping duty, which has been in place for 5 years, says Aruna Sharma, Steel Secretary.
The government has imposed 20 per cent safeguard duty on imports of a certain variety of stainless steel from China to protect domestic players. In an interview to CNBC-TV18, Ramesh Nair, president & ED, Jindal Stainless informed that it is for a provisional period of 200 days on hot-rolled coils of stainless steel and he is happy with it.
The realisations of leading secondary steel maker Bhushan Steel & Strip stood at USD 300 a tonne in Q1 better than Street's expectations. However, Nitin Johri, chief financial officer of the company in an interview to CNBC-TV18 said, it would be difficult to improve realisations from here on.