Indian steelmakers seek to soften proposed import curbs on key ingredients

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Indian steelmakers seek to soften proposed import curbs on key ingredients - Business Standard

Quick Summary:

India's steel capacity is likely to rise by about 14 million metric tonnes a year, according to the association.

The steel industry body, whose members include major steelmakers such as JSW Steel, Tata Steel, ArcelorMittal Nippon Steel India and Steel Authority of India, has said if the proposed curbs are introduced they should be only for six to 12 months.

In June, Reuters had reported that ArcelorMittal Nippon Steel India had warned trade officials in New Delhi that the proposed curbs could adversely affect the steel industry.