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Dumping of Low Grade Steel in The Country

News and Press Release - Dated:- 16-3-2016 - Press Information Bureau Government of India Ministry of Steel 16-March-2016 17:09 IST Steel being a deregulated sector, the role of Government is limited to that of a facilitator for the growth of steel i .....

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nformation, presently there is glut in global steel market. Due to the excess capacity in many of the leading steel producing countries like China, Japan, Russia, Korea etc. these countries export steel products into growing markets like India, even .....

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e that only quality steel is produced or imported, Government has notified Steel & Steel Products (Quality Control) Orders, 2012 dated 12.03.2012 and Steel & Steel Products (Quality Control) Orders, 2015 dated 15.12.2015. (ii) To increase ava .....

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Amendment Act, 2015 on 27.03.2015 to streamline grant of Mining Leases. (iii) The Union Budget 2015-16 has raised peak rate of basic customs duty on both flat and non-flat steel to 15% from 10%. (iv) Hiked import duty on ingots & billets, alloy .....

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to 10% and semi-finished steel from 7.5% to 10%. (v) In November, 2014, instructions were issued to ensure import of rebars strictly as per Steel Product Quality Control Order 2012, to block influx of cheap imports of boron added rebars. (vi) In June .....

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