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India Considers Additional Support for Steel Industry
03/02/2016 - India’s steel ministry is weighing the feasibility of bailing out indebted local metal producers, reports BloombergBusiness.
Indian steelmakers, which are being hammered by competition from inexpensive Asian imports, owe banks 3 trillion rupees, according to the news service.
The country already has imposed trade measures, including setting a minimum import price.
Steelmakers also have sought other relief, including a moratorium on loan repayments, the news service said.
The country already has imposed trade measures, including setting a minimum import price.
Steelmakers also have sought other relief, including a moratorium on loan repayments, the news service said.
