Page 7 - Steel Imports

JSW, other steel firms meet govt to seek rise in import duty: Report

Steel firms are putting pressure on the government to impose higher duties on imports as trade disputes and a global economic slowdown divert surplus Asian steel stocks to India

Steel firms seek higher import duties amid trade disputes, global slowdown

Imports of various grades of steel into India rose by around 8% in the April-December 2018 period, compared with a year earlier, government data showed

Growth in demand turns India into net importer of iron, steel in Apr-Sept

India, home to ample iron ore resources and the third biggest crude steel producer, has paradoxically turned into a net importer of iron & steel. During April-September, the country imported iron and steel valued at $5.33 billion, exceeding its exports worth $4.22 billion. This has reversed the trend of the country being a net exporter of iron ore and steel products for the past two consecutive years. In last fiscal, exports of iron and steel were valued at $11.24 billion, overshooting the imports of $10.43 billion. Between 2009-10 and 2017-18, the country's exports of iron and steel logged CAGR (compounded annual growth rate) of 12.07 per cent, states a report by the Indian Brand Equity Foundation (IBEF), quoting figures sourced from the Ministry of commerce.According to the report, the country has turned into a net importer of iron and steel due to robust demand in manufacturing sector and rise in infrastructure projects under implementation. The country's transition into a net .

India mulls raising import duty on steel to support rupee: Sources

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

Japan, South Korea steel exports to India surge on tariffs, high-end demand

The flood of imports is so big that the government in New Delhi is considering measures to control imports

India regains status of net steel exporter during September

Also, India had turned a net importer for the month of August, though cumulatively during April-August the country maintains its net exporter status

Steel imports surge 16% in FY18

Exports likely to fall with rupee depreciation

India imposes safeguard duties on some steel imports

Indian steelmakers had approached the DG of Anti-Dumping and Allied Duties seeking safeguard measures against cheap imports

Steel ministry to seek extension of floor price on imports

India is the world's third-largest steel producer, with a total installed capacity of 110 million tonnes

After 4-month fall, steel imports surge in March

Imports rise 18% on the back of deals struck before govt imposed a floor price in Feb

Safeguard duty on hot-rolled steel imports extended until March 2018

DG safeguard finds serious injury to domestic steel industry due to increased imports

Steel imports drop for fourth month

India shipped in 912,000 tonnes of the alloy last month, 7.3 per cent lower than the corresponding month a year earlier