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Date: 05/09/2024

Wider consultations before import curbs on steelmaking raw material

The government will hold wider consultations with steel companies before imposing curbs on imports of low-ash metallurgical coke, used in steelmaking. India, the world's second-biggest producer of crude steel, in April proposed a country-specific import quota to cap annual imports of low-ash metallurgical coke, also known as met coke, at 2.85 million metric tonnes for a year. The April proposal from the Directorate General of Trade Remedies (DGTR) aimed to protect the country's local met coke producers from rising imports, which have surged by more than 61% over the last four years. The Indian Steel Association, a producers' body, had on Aug. 1 petitioned the Commerce Ministry to relax the DGTR's proposed import restrictions on met coke that is said would limit steel mills' capacity expansion, as per a report.
 
Source: Exim News Service: New Delhi, Sept. 4



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