India’s finished steel imports plunge 27.6% in April–May
As exports from China and Japan decreased, India’s finished steel imports dropped 27.6% in the first two months of the fiscal year that began in
As exports from China and Japan decreased, India’s finished steel imports dropped 27.6% in the first two months of the fiscal year that began in
India’s Ministry of Steel has proposed to increase the basic customs duty on finished steel imports to 15% from the current 7.5%. The Union Budget
The government is working on Production Linked Incentive (PLI) scheme 2.0 as well as looking at ways to ensure adequate raw material supply for the
They said that this is part of plans to implement port-based checks on imports of steel where each shipment will be tested for quality and
The diversion of lower-priced offerings to trade, FMCG, and auto sectors, coupled with poor demand in Europe and better acceptability in the domestic market, saw
“I think it’s a little bit of a concern because internationally steel prices are still a bit soft because of China… You heard the (commerce)
On Sept 4, India’s steel secretary, Nagendra Nath Sinha, said New Delhi was monitoring the steel imports situation after the steel industry raised concerns over
The share of countries like China and Vietnam in India’s 4.84 LMT steel import basket during June 2023 has increased on a year-on-year (y-o-y) basis,
In April and May, China emerged as the second-biggest steel exporter to India, selling 0.2 million metric tons of the alloy, up 62% from the
As exports from China and Japan decreased, India’s finished steel
India’s Ministry of Steel has proposed to increase the basic
The government is working on Production Linked Incentive (PLI) scheme
They said that this is part of plans to implement
The diversion of lower-priced offerings to trade, FMCG, and auto
On Sept 4, India’s steel secretary, Nagendra Nath Sinha, said
The share of countries like China and Vietnam in India’s
In April and May, China emerged as the second-biggest steel
