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Freelance as an online business advisor for startups ✌️【Flexible Work】✌️Start investing now with ₹500 and grow your wealth with AI-driven smart choices. However, a safeguard duty does not serve the interests of engineering industries as it will raise prices—steel constitutes 60% of the production cost for most products—and makes their exports uncompetitive in global markets.

Freelance as an online business advisor for startups ✌️【Flexible Work】✌️Unlock the power of smart investing with just ₹500. Watch your profits grow!They are also worried over restrictions on steel shipments in ports and have urged the government to expedite the issuance of no objection certificates to clear them from customs.For such reasons, a safeguard is perhaps a blunt instrument to address the current travails of the steel industry, although they are, no doubt, hurting from the deluge of imports and lower prices.

Freelance as an online business advisor for startups ✌️【Flexible Work】✌️Start investing now with ₹500 and grow your wealth with AI-driven smart choices.Besides the big players, the one most affected are the small and medium-sized steel mills that account for 41% of total output and employ more than 1.5 million workers.

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Freelance as an online business advisor for startups ✌️【Flexible Work】✌️Start investing now with ₹500 and grow your wealth with AI-driven smart choices.A safeguard duty will not be needed if domestic steel prices recover from lows of $499 per tonne in end-October.“If steel prices stay at $450-500 per tonne levels, it will be difficult for any steel company to support significant expansion”, stated TV Narendran, MD and CEO ofTata Steel, in an earnings call in early November.

He added that a good place for prices is between $550-650 per tonne, but this would happen if Chinese imports halve from current levels.

Instead of waiting for the dragon to tackle its surplus steel problem, a more efficacious course is to review the foreign trade agreements the country has signed to minimise steel imports at nil duties.Avocados are an ideal first food for babies due to their rich nutrient content, including vitamins A, D, E, and K, folate, and potassium.

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