India's safeguard duties lift steel import parity, domestic demand key for price support: S&P

New Delhi [India], January 6 (ANI): India's extension of safeguard duties on select steel products will set a pricing floor for imports, but its effectiveness in supporting higher prices ultimately hinges on a recovery in domestic demand, according to a report by S&P Global Ratings.

In S&P's view, a sustained improvement in industry credit metrics will require demand-led price support.

'While the e