JSW\, other steel firms meet govt to seek rise in import duty: Report

JSW, other steel firms meet govt to seek rise in import duty: Report

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

Reuters  |  New Delhi 

Executives from top met with government officials on Wednesday and sought an increase in duties on imports of steel to check surging shipments from overseas, two sources with direct knowledge of the matter said.

did not immediately respond to a request seeking comment.
 

firms are putting pressure on the nation's government to impose higher duties on imports as trade disputes and a global economic slowdown divert surplus Asian steel stocks to India, Reuters reported on Tuesday. 

India's from Korea rose 30 per cent during the nine months ended on December 31, while imports from Japan rose 28 per cent during the same period, the sources said.
 

ALSO READ: India pips Japan as second-largest steel producer; China on top: Worldsteel 

The steel ministry did not immediately respond to a request seeking comment. It has not yet made data on country-wise imports for the period public.  

Read our full coverage on Steel imports
First Published: Wed, February 06 2019. 16:10 IST