While compulsory registration will monitor steel product inflow into the country, the specifications seem unwarranted, the engineering exporters' body said
The gloomy outlook on finished steel output comes after five years of consecutive firm growth between FY15 and FY19
Prices of finished steel products tumble 10-25% since January
The duty has been issued for a period of five years, according to the finance ministry
Between April 2016 and January, India's steel imports fell 38 per cent year-on-year