According to media reports on the 9th, India is ready to put more restrictions on steel imports, including the introduction of a new iron and steel import tax. India had imposed a 20% import duty on steel but failed to curb the loss of domestic companies and other related businesses.

Reported that since this year, including Steel Authority of India company, JSW Steel and Essar Steel and other domestic steel companies in India have said, a surge of steel imports from Indonesia, China, Japan, Russia, Ukraine and South Korea and other countries, squeezing their market share and profitability.

                                        XINSTEEL NEWS