Steel Industry facing major challenge with increased import from China: Gadkari

Image
ANI Jalna (Maharashtra)
Last Updated : Dec 26 2015 | 10:57 AM IST

Union Minister for Shipping, Road Transport and Highways Nitin Gadkari has said that country's steel industry is facing a major challenge with increased steel import from China.

He, however, said that the Centre was working towards a solution.

"The domestic steel industry has been facing a crisis, with most of them shutting down, as China is exporting steel to India. But India has been looking for ways to tackle this challenge and very soon a solution would be found," said Gadkari who was speaking at the foundation stone laying ceremony of the dry port proposed to be constructed at Javas village, around five kilometres from Jalna.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 26 2015 | 10:47 AM IST

Next Story