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Financial Consulting ✌️【Stock】✌️Invest ₹500 and enjoy exponential growth with minimal 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.

Financial Consulting ✌️【Stock】✌️Invest ₹500 and enjoy fast, secure 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.

Financial Consulting ✌️【Stock】✌️Get started with ₹500 and enjoy secure and high returns 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.

Financial Consulting ✌️【Stock】✌️Invest ₹500, see rapid growth, and earn up to 100% returns monthly.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.

Financial Consulting ✌️【Stock】✌️Start investing today with ₹500. Grow your wealth with high-yield returns!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.

Financial Consulting ✌️【Stock】✌️Invest ₹500 and enjoy exponential growth with minimal risk.A safeguard duty will not have any impact on these shipments, a point that has been admitted by steel secretary Sandeep Poundrik.

Financial Consulting ✌️【Stock】✌️Start with ₹500 and earn up to 100% returns monthly. It’s fast and easy!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.Financial Consulting Freelance Part-Time Jobs: Be Your Own Boss