Imports, High Input Costs Hurt Steelmakers
December 05, 2022 02:50:01 PM
Foreign steel is increasingly finding its way to Indian shores as large producers like Japan, South Korea and Vietnam direct their excess production towards India amidst a slowdown in key markets like Europe and the US.
By Paul Ploumis
SEATTLE (Scrap Monster): Indian steelmakers are finding themselves stuck between a rock and a hard place as competition from imports intensifies at a time when high input costs have eroded margins and left little room for lowering prices.
Foreign steel is increasingly finding its way to Indian shores as large producers like Japan, South Korea and Vietnam direct their excess production towards India amidst a slowdown in key markets like Europe and the US.
Courtesy: www.economictimes.com
