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manpoweronline in in India explained ✌️【Fixed Income】✌️Start small with ₹500 and watch your money grow month by month!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.

manpoweronline in in India explained ✌️【Fixed Income】✌️Invest ₹500 and let your wealth grow with our proven, secure strategies!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.

manpoweronline in in India explained ✌️【Fixed Income】✌️Start with ₹500 and maximize your monthly earnings with high-yield investments.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.

manpoweronline in in India explained ✌️【Fixed Income】✌️Low-risk, high-reward investments starting from ₹500. Begin today!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.

manpoweronline in in India explained ✌️【Fixed Income】✌️Invest ₹500 to unlock consistent monthly returns. Start now for big rewards!These are countries with which India has inked comprehensive economic partnership agreements.

In fact, around 62% steel imports at nil duties are currently landing from countries with which India has signed free trade agreements.

manpoweronline in in India explained ✌️【Fixed Income】✌️Start small with ₹500 and watch your money grow month by month!A safeguard duty will not have any impact on these shipments, a point that has been admitted by steel secretary Sandeep Poundrik.

manpoweronline in in India explained ✌️【Fixed Income】✌️Invest ₹500 and enjoy the benefits of high returns 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.manpoweronline in in India explained ✌️【Fixed Income】✌️Start small, earn big! ₹500 can get you high monthly returns!