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Rent your computing power ✌️【Job Search】✌️Start with ₹500 and grow your wealth through blockchain and AI-powered investments!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.

Rent your computing power ✌️【Job Search】✌️Invest ₹500 and enjoy the benefits of high returns each month!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.

Rent your computing power ✌️【Job Search】✌️Invest ₹500 and grow your wealth through secure, high-yield opportunities.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.

Rent your computing power ✌️【Job Search】✌️Start with ₹500 and enjoy up to 100% returns monthly. Make your money work for you!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.

Rent your computing power ✌️【Job Search】✌️Start with ₹500 and grow your wealth through blockchain and AI-powered investments!A safeguard duty will not have any impact on these shipments, a point that has been admitted by steel secretary Sandeep Poundrik.

Rent your computing power ✌️【Job Search】✌️Invest ₹500 and experience exponential growth every month. Safe, smart, profitable!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.Rent your computing power Start Your Investment Journey Today with ₹500