India sets new steel quality standards; auto-grade imports exempt for 6 months
Indian car makers import about 1 million tonnes of high-tensile steel annually, mainly from Japan and South Korea
 "Stainless steel tube image via Shutterstock.")
<a href="http://www.shutterstock.com/pic-118380181/stock-photo-steel-metal-tube-industrial-background.html?src=j6wBoz7aBlubbSB86Q7_sw-1-75" target="_blank">Stainless steel tube</a> image via Shutterstock.
India imposed quality standards on steel products sold in the country on Thursday, but delayed bringing auto-grade steel imported by car makers under the ambit of the new order by six months.
Indian car makers import about 1 million tonnes of high-tensile steel annually, mainly from Japan and South Korea, and had sought an extension to avoid disruption in production.
Quality standards for all steel products, except auto-grade steel, will come into effect on March 18.
India was expected to delay the implementation of quality standards on auto-grade steel imports, Reuters reported on Wednesday.
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First Published: Mar 17 2016 | 8:21 PM IST