RedStrib
INDUSTRY
blackline
Mumbai: Domestic steel players are likely to enjoy better profitability in the near term due to improved steel prices in the current year, supported by imposition of minimum import price (MIP) by the government, rating agency Icra said. Post the operationalisation of MIP, domestic hot-rolled coil (HRC) prices have witnessed a sharp increase of about 25 per cent from their lows reached in February 2016, according to Icra's quarterly research update report on the steel industry.
Published 02-Jun-2016 16:08 IST

PRO in Prime Minister s Office dies PM condoles death
video playPresident Kovind to leave for Myanmar today
President Kovind to leave for Myanmar today

Landslide in Chinese province kills three
video playBridal Fashion Week in Lahore comes to a colorful close
Bridal Fashion Week in Lahore comes to a colorful close
video playLondon Mallya s extradition case judgment likely today
London: Mallya's extradition case judgment likely today
video playDespite detentions migrants are desperate to enter US
Despite detentions migrants are desperate to enter US
video playSouthern US hit with mammoth snow storm
Southern US hit with 'mammoth' snow storm