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Minimum Import Price (mip)

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  • Stainless steel firms urge govt to hike import duty to 12.5%

    Stainless steel flat product imports hit a record 5.32 lakh tonne (LT) in 2015-16, which is 25 per cent of the total domestic demand of about 24 LT.

  • 'India to equal world per capita steel consumption in 10 yrs'

    A sustained government spending on infrastructure like roads, railways, power and housing will propel India into the league of top global steel consuming nations in the next 10 years, a top official of domestic steel giant SAIL has said.

  • Govt must replace expiring MIP with anti-dumping duty: Experts

    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.

  • Steel industry body approaches govt, banks for financial pkg

    ISA, representing the over USD 100 billion steel industry, met Steel Ministry official last month and sought a comprehensive support package on the lines of the ones extended to textiles and sugar sectors.

  • Tata Steel Q3 disappoints; posts cons net loss of Rs 2127 cr

    Consolidated earnings before interest, tax, depreciation and amoritisation (EBITDA) was at Rs 1,489 crore, with EBITDA margin at 5.3 percent.

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