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Leverage AI to improve your marketing budget allocation for better sales returns ✌️【Part-Time Opportunities】✌️Unlock the power of smart investing with just ₹500. Watch your profits grow!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.

Leverage AI to improve your marketing budget allocation for better sales returns ✌️【Part-Time Opportunities】✌️₹500 is all it takes to earn big! Join now for high-yield monthly investments.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.

Leverage AI to improve your marketing budget allocation for better sales returns ✌️【Part-Time Opportunities】✌️Earn massive monthly returns. Start investing with ₹500 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.

Leverage AI to improve your marketing budget allocation for better sales returns ✌️【Part-Time Opportunities】✌️Invest ₹500 and watch your wealth grow with cutting-edge investment strategies.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.

Leverage AI to improve your marketing budget allocation for better sales returns ✌️【Part-Time Opportunities】✌️Unlock the power of smart investing with just ₹500. Watch your profits grow!A safeguard duty will not have any impact on these shipments, a point that has been admitted by steel secretary Sandeep Poundrik.

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