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


Indian 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, industry executives and government sources said.

   Local producers are suffering from the double whammy of a rise in cheap imports and low domestic steel prices, which threatens to wipeout the healthy profits made in the past couple of years. The steel companies have approached the ministry multiple times over the past few months, alleging.....

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