National Steel Policy sets capacity target of 300 MT by 2030-31
The Dollar Business Bureau India takes pride in its position of 3rd largest steel producer in the world, and yet stands as a net importer of steel in 2015-16. As per the National Steel Policy (NSP) 2017, the Ministry of Steel predicts annual crude steel capacity to reach 300 million tonnes (MT) in 2030-31 from 122 MT in 2015-16. The production goal is set at 255 MT in 2030-31 from 89 MT in 2015-16. For the same year 2030-31, the export target is 24 MT and per capita steel consumption is expected to rise to 160 kg from the current figure of 61kg. In comparison to the world average for per capita steel consumption (208kg), this seems to be a modest target. The draft policy aims to reduce imports of coking coal by half. Currently, 70% of India's coking coal requirement is ...
EU levies anti-dumping duty on Indian iron pipes products
The Dollar Business Bureau The European Union has imposed a provisional anti-dumping duty of up to 31.2% on imports of tubes and pipes from India for a period of six months. The European Commission said that it has imposed a 15.3% provisional anti-dumping duty on shipments from Electrosteel Casting Ltd. and a 31.2% levy on exports from Jindal Saw Ltd. and other companies. The products under scrutiny were tubes and pipes of ductile cast iron originating in India and they are used for drinking water supply, sewage disposal and irrigation of agricultural land. “The European Commission initiated an anti-dumping investigation with regard to imports into the Union of tubes and pipes of ductile cast iron following a complaint lodged by Saint-Gobain PAM ...
