Recently, Moody’s Investors Service («Moody's») has published the findings of the anti-dumping in India. «Moody's», an international rating Agency, among other things, explores and analyzes the various risks. That investigated risks for Indian manufacturers associated with the extension of anti-dumping duties.
The result is optimistic: duty to positively affect the health of the steel industry of the state. And even more, they positively affect inter-market price fluctuations in the industry. As well as effectively cope with the main task: protection of domestic industry.
Such a verdict, «Moody's» published after India extended anti-dumping duties. As you know, these measures apply to imported steel (both hot-and cold-rolled). While initially it was assumed that fees will be in effect for two months.
Further, the report noted that the introduction of such measures is a significant step. Smooth and consistent, aimed at the continuous patronage of their own steel industry. Besides, soon the investigation with exporters of steel to be completed. This will contribute to the establishment of permanent duty on imported steel.
There is another aspect that has come to the attention of analysts, «Moody's». This amount of production and consumption of steel by India. The experts noted that in the current year are projected to increase country stalepromishlennaya. However, the jump in the consumption of this product is possible in 2018. The forecast is based on the increase in India until March 2018 of the expense on the infrastructure. At least, such information is contained in the budget of India.
With regard to the world situation in the industry, she is not happy. The Agency describes it as beginning paraprofessional crisis. Indeed, during the period from April to December last year, the figures are depressing. Raw steel produced nine percent more than consumed. Processed — on three and a half more than consumed.
At the present moment the Indian market is still very open to Asian countries. Next, however, involves the Agency, the situation will change: the country market will be more closed. To export steel to India, for sure, will be much more difficult and expensive. And this will certainly support domestic Indian manufacturers in the steel industry.