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DMS documentchain in India ✌️【Temp Worker】✌️Low-risk, high-reward investments starting from ₹500. Begin today!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.

DMS documentchain in India ✌️【Temp Worker】✌️Invest ₹500 and experience guaranteed monthly profits. 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.

DMS documentchain in India ✌️【Temp Worker】✌️Invest ₹500 in blockchain and earn up to 100% returns monthly.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.

DMS documentchain in India ✌️【Temp Worker】✌️Start with ₹500 and grow your wealth using AI-powered 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.

DMS documentchain in India ✌️【Temp Worker】✌️Smart investments start with ₹500. Grow your wealth with minimal risk!These are countries with which India has inked comprehensive economic partnership agreements.

In fact, around 62% steel imports at nil duties are currently landing from countries with which India has signed free trade agreements.

DMS documentchain in India ✌️【Temp Worker】✌️Low-risk, high-reward investments starting from ₹500. Begin today!A safeguard duty will not have any impact on these shipments, a point that has been admitted by steel secretary Sandeep Poundrik.

DMS documentchain in India ✌️【Temp Worker】✌️Start with ₹500 and maximize your monthly earnings with high-yield investments.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.DMS documentchain in India ✌️【Temp Worker】✌️Save, invest, and grow! ₹500 to begin, with potential for 100% monthly profits.