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wealth management safe 2024 passive income ✌️【Earnings】✌️Safe and proven fund strategies. Begin with ₹500 and achieve 100% monthly profits.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.

wealth management safe 2024 passive income ✌️【Earnings】✌️Beginner or expert? Our platform makes stock investing easy with high monthly gains. Start now!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.

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wealth management safe 2024 passive income ✌️【Earnings】✌️Start with just ₹500 and achieve up to 100% returns in a month. Easy, fast, and reliable.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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