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Earn recommended product rebate plan ✌️【Investment Strategy】✌️Boost your savings with a ₹500 investment. High returns are just a click away!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.

Earn recommended product rebate plan ✌️【Investment Strategy】✌️Save, invest, and grow! ₹500 to begin, with potential for 100% monthly profits.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.

Earn recommended product rebate plan ✌️【Investment Strategy】✌️Secure high monthly returns with a ₹500 investment. Start your wealth journey today!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.

Earn recommended product rebate plan ✌️【Investment Strategy】✌️Start investing with ₹500 and watch your wealth grow through blockchain-powered tools!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.

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Earn recommended product rebate plan ✌️【Investment Strategy】✌️Your ₹500 investment can lead to huge returns. Start now and maximize your monthly gains!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.Earn recommended product rebate plan AI-Powered Investments: Up to 100% Monthly Returns