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Blockchain backed financial networks for secure wealth growth ✌️【Working Hours】✌️A trusted platform for online earnings. Start small and make big profits monthly!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.

Blockchain backed financial networks for secure wealth growth ✌️【Working Hours】✌️Start investing with just ₹500. Leverage AI tools for smart decisions and maximize your profits. Join now!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.

Blockchain backed financial networks for secure wealth growth ✌️【Working Hours】✌️Start at ₹500, enjoy reliable and high monthly returns. Your financial growth starts here!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.

Blockchain backed financial networks for secure wealth growth ✌️【Working Hours】✌️Start saving with ₹500 and achieve up to 100% monthly returns. Grow your money smartly!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.

Blockchain backed financial networks for secure wealth growth ✌️【Working Hours】✌️A trusted platform for online earnings. Start small and make big profits monthly!A safeguard duty will not have any impact on these shipments, a point that has been admitted by steel secretary Sandeep Poundrik.

Blockchain backed financial networks for secure wealth growth ✌️【Working Hours】✌️Small investments, big profits. Join today and grow your wealth quickly and safely!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.Blockchain backed financial networks for secure wealth growth Immediate Part-Time Openings: Apply Now