Safeguard duty boosts Indian steel sector; volumes to drive growth: Aditya Welekar

India’s steel sector gets a boost as the government imposes a long-term safeguard duty on imports. Axis Securities’ Aditya Welekar explains how the move protects domestic steelmakers from cheap Chinese steel, supports flat steel prices, and why volume-led growth, not sharp price hikes, will drive earnings for major steel companies.