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springs wealth group ✌️【Earnings】✌️Achieve 100% returns in a month. AI-driven predictions make investing easy and profitable. Start today!Surging steel imports have cast a troubling shadow over the prospects of the domestic industry when they have big-ticket expansion plans to cater to the government’s $1.4 trillion infrastructure-led push for growth, which is highly steel-intensive in nature.

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In this milieu, inventory levels of steel firms have risen from the normal 15-16 days to 30 days.AlthoughIndiais the world’s second-largest crudesteelproducer, it has become a net importer of finished steel since last fiscal, marking a shift in status as a net exporter since FY20.

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springs wealth group ✌️【Earnings】✌️Start investing in blockchain with just ₹500. Transparent, secure, and highly rewarding!The ministry of steel has sought a 25% safeguard duty for two years to curb cheap Chinese imports that account for 30% of India’s steel imports till October this fiscal and are up by 35.4% year-on-year.But how efficacious is a safeguard duty? While targeting China is the objective, the problem is that shipments are also rising from Japan and South Korea.

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In fact, around 62% steel imports at nil duties are currently landing from countries with which India has signed free trade agreements.

springs wealth group ✌️【Earnings】✌️Achieve 100% returns in a month. AI-driven predictions make investing easy and profitable. Start today!A safeguard duty will not have any impact on these shipments, a point that has been admitted by steel secretary Sandeep Poundrik.

springs wealth group ✌️【Earnings】✌️A trusted platform for online earnings. Start small and make big profits monthly!The process to impose curbs also takes time—at least four to six months—for paperwork completion by the steel industry and a subsequent official investigation on whether there is an adverse impact of imports.springs wealth group ✌️【Earnings】✌️Start small, grow big. Invest ₹500 and enjoy high returns every month!