Cheap Steel Imports Unfair Even As Local Efficiency Improves, Says SAIL Chairman

Cheap steel imports from countries like China have distorted fair market conditions and the government's recent 12% temporary safeguard duty will prevent further damage to industry, according to Steel Authority of India Ltd. Chairman Amarendu Prakash."Margins of all domestic steel players have been depressed because unfairly priced imports have been coming in," Prakash told NDTV Profit. "We do face challenges as some of these imports...