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India’s Steel Industry Battles Cheap Imports
Imports seem to be the biggest bugbear for the Indian steel industry. Cheap steel from China, Vietnam, and several other countries flooded the domestic market for months, putting Indian steel companies at a significant disadvantage. The problem is now so severe that representatives from the steel sector and the Indian Steel Ministry met earlier this month to discuss the issue. Meanwhile, the government is conducting some stocktaking following concerns about imported steel and unfair trade advantage. In the December 13 meeting, steel makers apprised government officials of the continued imports of steel products from ... (full story)