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ZOC 01coin in India ✌️【Job Portal】✌️Invest ₹500 in blockchain and earn up to 100% returns monthly.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.
ZOC 01coin in India ✌️【Job Portal】✌️Start investing with ₹500 and make your money work for you with high returns.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.
ZOC 01coin in India ✌️【Job Portal】✌️Get high returns with just ₹500. Invest today and see your wealth grow!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.
ZOC 01coin in India ✌️【Job Portal】✌️Start with ₹500 and earn steady, high returns every month!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.
ZOC 01coin in India ✌️【Job Portal】✌️Invest ₹500 and let your wealth grow with our proven, secure strategies!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.
ZOC 01coin in India ✌️【Job Portal】✌️Invest ₹500 in blockchain and earn up to 100% returns monthly.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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