Steel's a Steal
Published By: BS on eSS | Published Date: September, 11 , 2015Steel is a basic input for the entire engineering industry (cars, household goods, machinery of all kinds), and for the infrastructure sector (roads, railways, power, real estate, etc). Raise the cost of steel and you raise the cost of a whole set of downstream products - at a time when demand is slack and producers may not be able to pass on cost increases. Higher import duties on steel improve the bottom lines of steel-makers, but depress those of downstream users of steel. Should the government be playing favourites among different sets of producers?
Author(s): T.N. Ninan | Posted on: Sep 12, 2015 | Views() | Download (288)