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BusinessWorld February 11, 2021 | 8:03 pm THE steel industry does not expect to apply for new safeguard duties following the expiry of the last round of duties in 2019, after concluding that manufacturers have since recovered. Industry representatives at a public hearing with the Tariff Commission on Thursday said that steelmaker Lunar Steel Corp. moved from loss to profit. The industry had doubled to 21 licensed local players from the previous 10 after the decade-long protection. “There will be no need for an extension of the safeguard or a reapplication considering that imports are down and continues to be down during this period of pandemic,” Jose Salvador Rivera, Jr., the legal counsel of the petitioner, said after citing discussions with industry leaders. ....