Liberalised Imports May Hit Ferro Alloy Producers

According to the Indian Ferro Alloy Producers Association, steel exporters are now given more flexibility to import ferro alloys, much more than what is needed to produce exported steel.

While earlier ferro alloys could be imported to the extent of 6 to 8 per cent of CIF value for certain category of steel exports, now under the latest policy, up to 50 per cent of the value of exports could be imported. The association feels that this will