Indian government to ensure no steel products are imported in the guise of finished products
The Dollar Business Bureau The Union Minister for Steel Chaudhary Birender Singh on Friday said the government will ensure that steel products are not brought into the country in the guise of utensils or finished products. “We are keeping an eye on the import of steel in guise of finished products. We will not allow such kind of practice even in trade,” Union Minister of Steel Chaudhary Birender Singh told reporters after addressing a meeting of the National Steel Consumers’ Council here. He stated that the government has been successful in reducing steel imports by 37% which were mostly from China in FY 2017.This happened due to India's tough anti-dumping measures and also due to the withdrawal of the Minimum Import Price of ...
World Steel Association cuts 2014 global steel demand growth forecast to 2%
The Dollar Business Bureau | @TheDollarBiz India became a net exporter of finished steel in FY2013-14. India's total finished steel exports stood at around 5.59 million tonnes against total imports of 5.45 million tonnes in the year. Global apparent steel (finished steel products) demand is expected to increase 2% in 2014 and 2015, mainly driven by demand in India, Africa and the Middle East, while demand in other regions is expected to remain subdued due to geopolitical factors and economic slowdown, according to the World Steel Association (Worldsteel). Global finished steel use in 2013 stood at around 1.48 billion tonnes, up about 3.8% from the previous year, but demand is likely to grow by 2% this year to 1.56 billion ...
