The government's recent decision to impose minimum import price on steel products was needed and users should focus on the long-term picture instead of trying to take advantage of short-term, unsustainable prices, says Seshagiri Rao, CFO, JSW Steel.
The current domestic demand for steel in China is very strong and so it is exporting less, which has aided the rally in steel prices, says Annalisa Jeffries, Associate Editorial Director.