The proposal, part of a broader govt plan to cut "non-necessary" imports to stop an outflow of dollars that has sent the rupee to record lows, will be discussed in the trade ministry on Wednesday
The flood of imports is so big that the government in New Delhi is considering measures to control imports
Also, India had turned a net importer for the month of August, though cumulatively during April-August the country maintains its net exporter status
Exports likely to fall with rupee depreciation
Indian steelmakers had approached the DG of Anti-Dumping and Allied Duties seeking safeguard measures against cheap imports
India is the world's third-largest steel producer, with a total installed capacity of 110 million tonnes
Imports rise 18% on the back of deals struck before govt imposed a floor price in Feb
DG safeguard finds serious injury to domestic steel industry due to increased imports
India shipped in 912,000 tonnes of the alloy last month, 7.3 per cent lower than the corresponding month a year earlier