Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

Care Ratings: India must focus on increasing steel consumption, reduce dependence on imports.


Date: 25-02-2017
Subject: Care Ratings: India must focus on increasing steel consumption, reduce dependence on imports
MUMBAI: India should focus on increasing consumption of steel and reduce dependence on cheap imports, research agency CARE Ratings said in a report. 

CARE Ratings said while India has gained the position of third largest crude steel producer in the world it must focus at the same time on increasing consumption of steel and reducing the dependency on cheap imports. The steel consumption is required to move in line with that of production, it added. 

JSW SteelBSE 0.76 %, Tata SteelBSE 0.37 % and Essar SteelBSE 0.41 % are India's largest steel makers. These companies expanded capacity in the hope of increase in steel demand as India moves fast on industrial and infrastructure development. However, cheap imports from China hit these companies hard last year before Indian government adopted some protectionist measures. 

"Steel production and consumption is expected to remain higher in 2017-18 backed by an increase in infrastructure allocation by the government in the Union Budget 2017-18 and its aim to increase the country’s steel production as stated in National Steel Policy 2017," the report stated. 

CARE Ratings said the extension of anti-dumping duties by two months will benefit the steel industry. However, it cannot be expected that this protection will last forever and the industry has to gear itself to face competition in the normal course, it added.

Source: economictimes.indiatimes.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 18-09-2025
Corrigendum
Corrigendum to Notification No. 9/2025 – Central Tax (Rate) dated 17.09.2025

Date: 17-09-2025
Notification No. 13/2025-Central Tax (Rate)
Seeks to amend Notification No. 21/2018- Central Tax (Rate) dated 26.07.2018.

Date: 17-09-2025
Notification No. 14/2025-Central Tax (Rate)
Seeks to notify GST rate for bricks.

Date: 17-09-2025
Notification No. 37/ 2025-Customs
Seeks to amend Notification No.19/2019-Customs dated 06.07.2019

Date: 17-09-2025
Notification No. 38/ 2025-Customs
Seeks to amend Notification No.29/2025-Customs dated 09.05.2025

Date: 17-09-2025
Notification No. 39/2025-Customs
Seeks to amend Notification No.50/2017-Customs, dated 30.06.2017

Date: 17-09-2025
NOTIFICATIONNo. 15/2025 – Central Tax
Seeks to exempt taxpayer with annual turnover less than Rs 2 Crore from filing annual return.

Date: 17-09-2025
NOTIFICATION No. 16/2025–Central Tax
Seeks to notify clauses (ii), (iii) of section 121, section 122 to section 124 and section 126 to 134 of Finance Act, 2025 to come into force.

Date: 17-09-2025
Notification No. 12/2025-Central Tax (Rate)
Seeks to amend Notification No. 8/2018- Central Tax (Rate) dated 25.01.2018.

Date: 17-09-2025
NOTIFICATION No. 14/2025 – Central Tax
Seeks to notify category of persons under section 54(6).



Exim Guru Copyright © 1999-2025 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001