UBM - India's Steel Sector Faces Challenges From Coronavirus Beijing's Export Incentives
By Sohrab Darabshaw
Like in other countries, the outbreak of COVID- 19 and the subsequent lockdown threatens to disrupt India's steel production.
What's more, there are reports coming in now that Indian steel companies will face even more competition from rivals in China in this state of crisis, adding to the woes of the former.
The Economic Times reported Beijing was hiking export incentives on the primary infrastructure alloy by a third to help cushion the impact of demand destruction at home and overseas.
The move by China to increase export rebates on