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Safeguard Duties Would Boost Margins Of Indian Steel Firms: Nomura
Nomura expects a safeguard duty in the range of 10-15 per cent on steel imports. Based on a 12 per cent duty, the landed prices will be Rs 4,000 per tonne higher than the domestic spot prices, it said. "We believe the industry would be able to take a Rs 2,000 to 2,500 per tonne price hike in that scenario," the report states.
Nomura expects a safeguard duty in the range of 10-15 per cent on steel imports. Based on a 12 per cent duty, the landed prices will be Rs 4,000 per tonne higher than the domestic spot prices, it said. "We believe the industry would be able to take a Rs 2,000 to 2,500 per tonne price hike in that scenario," the report states.
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