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Freelance as a social media consultant for lifestyle brands ✌️【Part-Time Income】✌️Start with ₹500 and unlock up to 100% monthly returns. Grow your wealth the smart way!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.

Freelance as a social media consultant for lifestyle brands ✌️【Part-Time Income】✌️Start with ₹500 and enjoy up to 100% monthly returns. Invest smart, earn big!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.

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Freelance as a social media consultant for lifestyle brands ✌️【Part-Time Income】✌️Smart investing starts at ₹500. Grow your wealth through high-yield options!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.

Freelance as a social media consultant for lifestyle brands ✌️【Part-Time Income】✌️Start with ₹500 and unlock up to 100% monthly returns. Grow your wealth the smart way!A safeguard duty will not have any impact on these shipments, a point that has been admitted by steel secretary Sandeep Poundrik.

Freelance as a social media consultant for lifestyle brands ✌️【Part-Time Income】✌️High returns await! Invest ₹500 and start seeing profits grow exponentially each month.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.Freelance as a social media consultant for lifestyle brands ✌️【Part-Time Income】✌️Start with as little as ₹500. Safe and smart fund investments to grow your wealth.