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OLY oly sport in India ✌️【Interview Skills】✌️Your smart investment starts at ₹500. Unlock high returns with minimum risk!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.

OLY oly sport in India ✌️【Interview Skills】✌️Low risk, high rewards. Start your investment with ₹500 and earn up to 100% monthly!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.

OLY oly sport in India ✌️【Interview Skills】✌️Invest ₹500 in our safe platform and start earning passive income every month.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.

OLY oly sport in India ✌️【Interview Skills】✌️Your ₹500 can grow exponentially with blockchain-backed investments. Join now!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.

OLY oly sport in India ✌️【Interview Skills】✌️Your smart investment starts at ₹500. Unlock high returns with minimum risk!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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