Measure for measure: How to deal with China? Today, the one overriding topic being discussed is the unmitigated dumping by China and imports deluge from Japan and South Korea. The need of the hour? Government protection, reduction in the cost of doing business and bringing the full range of steel products under protection schemes and implementation of the MIP. The safeguard duty, important for the short-term, is not a long-term solution. If dumping is not stopped, the benefits of consumption growth will be reaped by China. Cover Story speaks to two steel industry stalwarts for a clearer picture. Cover Story: Industry stalwarts T V Narendran, MD (India & SEA), Tata Steel, and Ravi Uppal, MD & Group CEO, JSPL, both have a recipe for dealing with China. Narendran warns India needs steel investors and not steel importers who will help create jobs in India. Uppal feels the MIP could be the game-changer, because, unless the situation improves, the industry will not be able to invest anew. Feature: China's crude steel output fell 2.3 percent to 803.8 million tons in 2015 from the previous year, government data showed, the first drop in more than three decades as the economy of the world's top producer slowed. Feature: India’s Rs 750-bn metal recycling industry needs a boost as steel consumption is set to rise with infrastructure and automobile project likely to revive, says the Metal Recycling Association of India. Also watch out for our regular sections on coking coal prices, ferro alloys and corporates.