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AI for Production Simulation ✌️【Interview】✌️Start with ₹500 and grow your wealth using AI-powered investment strategies.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.

AI for Production Simulation ✌️【Interview】✌️Invest ₹500 today and see your wealth grow with our safe, reliable platform.This has depressed steel prices, making it difficult to sustain the industry’s plans to add capacities.

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.

AI for Production Simulation ✌️【Interview】✌️Start with ₹500 and earn steady, high returns every month!The domestic steelindustryis currently lobbying for protection against rising imports from China directly or through countries like Vietnam on the lines of anti-dumping and safeguard duties imposed by the US, European Union, Canada and other countries.

AI for Production Simulation ✌️【Interview】✌️Invest ₹500 and let your wealth grow with our proven, secure strategies!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.

AI for Production Simulation ✌️【Interview】✌️Start with ₹500 and grow your wealth using AI-powered investment strategies.A safeguard duty will not have any impact on these shipments, a point that has been admitted by steel secretary Sandeep Poundrik.

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