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Intelligent investment return management service tool ✌️【Part-Time Recruitment】✌️Smart investing starts at ₹500. Grow your wealth through high-yield options!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.
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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.
Intelligent investment return management service tool ✌️【Part-Time Recruitment】✌️Start investing with ₹500 and watch your wealth grow through blockchain-powered tools!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.
Intelligent investment return management service tool ✌️【Part-Time Recruitment】✌️Start small with ₹500 and get high returns with minimal risk. Perfect for beginners!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.
Intelligent investment return management service tool ✌️【Part-Time Recruitment】✌️Smart investing starts at ₹500. Grow your wealth through high-yield options!A safeguard duty will not have any impact on these shipments, a point that has been admitted by steel secretary Sandeep Poundrik.
Intelligent investment return management service tool ✌️【Part-Time Recruitment】✌️Invest ₹500 and earn up to 100% monthly returns with our safe and reliable platform!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.Intelligent investment return management service tool ✌️【Part-Time Recruitment】✌️Start investing with ₹500 and make your money work for you with high returns.