Steel Ministry Seeks Probe into Imports
Steel

Steel Ministry Seeks Probe into Imports

The Ministry of Steel has initiated an investigation into the influx of cheaper steel imports from China and Vietnam. This move aims to address concerns about potential dumping practices affecting the domestic steel industry.

The probe comes amidst growing scrutiny over the impact of low-cost imports on local manufacturers, who face increased competition and pricing pressures. The steel sector, a critical component of India?s infrastructure and construction industries, has been grappling with challenges related to import pricing and market fairness.

By seeking a thorough investigation, the Steel Ministry aims to ensure that trade practices align with international norms and safeguard the interests of Indian steel producers. The inquiry will assess whether the imported steel is being sold below market value and whether such practices are detrimental to the local industry.

The outcome of this probe could influence future trade policies and protective measures for the Indian steel industry, potentially leading to adjustments in import duties or anti-dumping regulations to level the playing field.

This investigation highlights the ongoing efforts to balance trade dynamics and support domestic industries amid global market fluctuations.

The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com

The Ministry of Steel has initiated an investigation into the influx of cheaper steel imports from China and Vietnam. This move aims to address concerns about potential dumping practices affecting the domestic steel industry. The probe comes amidst growing scrutiny over the impact of low-cost imports on local manufacturers, who face increased competition and pricing pressures. The steel sector, a critical component of India?s infrastructure and construction industries, has been grappling with challenges related to import pricing and market fairness. By seeking a thorough investigation, the Steel Ministry aims to ensure that trade practices align with international norms and safeguard the interests of Indian steel producers. The inquiry will assess whether the imported steel is being sold below market value and whether such practices are detrimental to the local industry. The outcome of this probe could influence future trade policies and protective measures for the Indian steel industry, potentially leading to adjustments in import duties or anti-dumping regulations to level the playing field. This investigation highlights the ongoing efforts to balance trade dynamics and support domestic industries amid global market fluctuations.

Next Story
Infrastructure Transport

Gadkari issues warning to contractors over poor road maintenance

Union Road Transport and Highways Minister Nitin Gadkari strongly criticized agencies and contractors for their failure to maintain roads adequately. He stated that while good operators would be rewarded, those delivering poor work would be "driven out of the system." "We will not spare you. We will ensure that the bank guarantees of those performing inadequately are forfeited, and you will be blacklisted from applying for new tenders," he warned. Gadkari’s remarks followed his observations of the poorly maintained Eastern Peripheral Expressway, which he used to reach Ghaziabad for the inaug..

Next Story
Infrastructure Urban

SC halts bulldozer demolitions nationwide until Oct 1

The Supreme Court of India issued a stay on bulldozer demolitions across the country until October 1, prohibiting such actions without its approval, except in cases involving public roads, water bodies, and railway lines. The court stated it would establish guidelines regarding when and how properties can be demolished according to municipal laws. Last week, a bench comprising Justices Hrishikesh Roy, Sudhanshu Dhulia, and SVN Bhatti criticized the concept of "bulldozer justice," asserting that such threats of demolition are unacceptable in a nation governed by law. This ruling came in respons..

Next Story
Infrastructure Transport

CIDCO invites tenders for Kharghar-Belapur coastal road project

The City and Industrial Development Corporation (CIDCO) has announced the invitation of tenders for the Kharghar-Belapur Coastal Road project in Navi Mumbai. This initiative aims to enhance connectivity and promote regional development in the area. The project is expected to include various infrastructural improvements to facilitate smoother traffic flow and better accessibility. Interested contractors can submit their bids as per the specified guidelines. CIDCO has outlined the project details, including timelines and requirements, on its official website. This coastal road is part of a broad..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000