Minimum Import Price

As aluminium prices on the London Metal Exchange hover above $1900/tonne-mark, govt may impose MIP only when trend of price dip starts showing.

Govt considering MIP on some aluminium products: Piyush Goyal

The government is considering all options, including imposition of minimum import price on certain categories of aluminium products, to protect the domestic industry, a union minister said today.

Anti-dumping, MIP helped cut steel imports by 34.7%: Steel Min

Anti-dumping duties may be removed for some items. The government will review such items soon, added Singh.

No extension of MIP for 19 colour-coated steel products: Govt

The government today said there would be no extension of protectionist minimum import price (MIP) on 19 colour-coated steel products.

No minimum import price extension for 19 products: Steel secy

Minimum import prices are short-term emergency measures while anti-dumping duty is a long-term measure, she said, adding that she expects to see steel prices stabilising from the current levels.

Demand growth, govt schemes may revive metals industry: D&B

Growth in internal demand, implementation of government schemes and new measures will play a vital role in reviving the domestic metals industry in 2017, a report said.

Minimum import price on steel a short-term measure: Steel Min

"Chaudhary Birender Singh (Steel Minister) had emphasised that MIP is a short-term measure and not of a permanent nature," the steel ministry said in a statement today.

Govt considering imposing MIP on aluminium: Mines Secretary

The government today said that it is considering imposing a minimum import price (MIP) on aluminium, a move that may help stem a rise in cheaper shipments coming from overseas, hurting domestic manufacturers.

India considering minimum import price on aluminium: Official

Last month, a government body decided against imposing safeguards on some aluminium products citing lack of evidence over imports hurting profitability of domestic industry.

'Intention behind MIP on steel not to give permanent cover'

The objective of imposing minimum import price (MIP) on certain steel products was not to give a "permanent cover" to the industry but to stop cheap inbound shipments, Commerce and Industry Minister Nirmala Sitharaman said today.

After steel, minimum import price for aluminum on cards?

The mines ministry may favour an MIP to protect local industry from a flurry of cheap imports. State-owned consulting firm Mecon to submit revised report shortly.

Capital raised will be used to augment working capital: Goodluck

In an interview to CNBC-TV18, Ram Agarwal, CEO at Goodluck India spoke about the latest happenings in his company and sector.

Aluminium sector needs help to take on foreign cos: Hindalco

Aluminium major Hindalco today sought government support to enable the domestic industry to take on what it called "foreign economic invasion" and urged it to encourage new investments.

Anti-dumping duty likely on steel products under MIP: Ind-Ra

The government extended MIP on 66 steel products for another two months till December 4, 2016.

Govt extends MIP on select steel items for 2 months

"The central government hereby extends the applicability of MIP beyond 4/10/2016... for further two months, i.e., till December 4, 2016," the Directorate General of Foreign Trade has said in a notification last night.

Govt to impose anti-dumping duty on 36 products: Steel Secy

Steel Secretary Aruna Sharma said anti-dumping duty is the long-term arrangement for imports. She added that of the 66 items, 36 items will be pushed under the ambit of anti-dumping duty.

Govt mulls MIP or import duty hike to curb aluminium imports

Mines Secretary Balvinder Kumar said a decision on import duty hike or MIP on aluminium will be taken with a fortnight.

Govt may not extend MIP on steel products beyond Oct 4

Government is unlikely to further extend the minimum import price (MIP) on certain steel products beyond October 4 as these items could be covered under anti-dumping duty, an official today said.

Piyush Goyal bats for MIP on aluminium products

The minister suggested that the MIP should be similar to the one imposed by the government for the steel sector, which too has been grappling with similar dumping from China, Japan, and South Korea, among others.

MIP on aluminium: Mecon preparing report; to submit by September

The public sector undertaking has been asked by industry body Aluminium Association of India to prepare the report, which it has to submit by September, a source said.

Demand still weak; miners must not up ore prices: Kalyani Steels

In an interview with CNBC-TV18, RK Goyal, MD of Kalyani Steel said that operating in a highly turbulent market the company has tried to cash in on any opportunity that came its way. This approach has led to the stock price surge and expansion in the company's margins, he said.

Govt's MIP decision may not be enough to support steel industry

Siddharth Purohit of Angel Broking points out that if MIP been extended for one more year, then it would have made some difference, now the government needs to figure out what happens after October, as when this protection goes away, the domestic player will lose advantage and dumping will again start.

Govt plans to help steel industry in 2 months till Oct: Minister

Speaking to CNBC-TV18's Anshu Sharma, Steel Minister Chaudhary Birender Singh said that most items are covered under the anti-dumping duty and the government is looking at more measures to help the industry in this period of 2 months.

Steel stocks up 2-4% on govt push, demand seen only post monsoon

The Director General of Anti-Dumping (DGAD) has recommended anti-dumping duty on imports of HRC products from China, Japan, Korea, Russia, Brazil and Indonesia. HR forms 50 percent of steel imports and the six countries form 98 percent of HR exports to India.

All imports will soon be looking at anti-dumping duty:Steel Secy

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.