Steel firms need to lower prices; just quality won't cut it, experts say.
ET
India
28-12-2023
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Mumbai: According to industry experts, if the domestic steel industry hopes to control rising imports, it will need to work on raising prices in the local market. Due to a steel glut, China exported excess steel to other countries. As a result, India's imports of steel from its northern neighbour increased to 1.1 million tonnes (mt) in October, a 47% year-over-year increase.