India has initiated an anti-dumping investigation on imports of hot-rolled flat metal merchandise coming in from Vietnam. The investigation will cowl each non-alloyed and alloyed metal choices. Stainless-steel merchandise aren’t part of the probe. As per a notification from the Commerce Minister, as accessed by businessline, the probe will probably be carried out by the … Read more
China could possibly be routing cheaper metal into India by way of South East international locations which may derail the investments made by Indian metal business, T V Narendran, Managing Director, Tata Metal advised businessline. Additionally learn: Tata Metal in talks with UK govt for funding new tasks: Narendran “The Indian metal business has been … Read more
India’s Metal Ministry is engaged on strengthening reporting norms for import shipments, and the reporting portal is being ramped up. This comes within the wake of a number of “suspected” situations of misreporting or under-reporting of cargo particulars, an official conscious of the plans advised businessline. Other than engaged on the Inexperienced Metal coverage and … Read more
Alloy metal producers have approached the Metal Ministry for extending the ambit of the PLI (productivity-linked incentive) 2.0 scheme to incorporate classes like super-alloys and titanium alloys, amongst others, which log an annual import invoice exceeding ₹5,000 crore. The metal makers additionally desire a increased quota for export to Europe with a parity in tax … Read more
India’s metal exports grew over 30 per cent month-on-month and 43 per cent YoY to 0.9 million tonnes (mt) in January. Moderation in imports and a corresponding uptick in outbound shipments however, the nation remained a web importer for the primary 10 months of the fiscal (April – Jan), in line with provisional information of … Read more
After registering a number of index highs, India Inc bears the load of excessive expectations. From margin growth to a number of growth, the benchmark index at present ranges is baking in a close to blue-sky situation. Whereas income and earnings development potential are repeatedly scrutinised, what flies below the radar is the steadiness sheet … Read more
India noticed a surge in metal shipments from China, up practically 50 per cent on a year-on-year foundation to 1.34 million tonnes (mt), and a 500 per cent rise in choices from Vietnam to 0.5 mt – supposedly a rustic via which extra Chinese language imports had been being routed – led to a sectoral … Read more
India’s metal ministry, in a bid to regulate imports, particularly from China, might think about establishing a high quality testing lab on the JNPT port, off Mumbai. Different safeguard measures mooted embrace reconsideration of the ‘lesser obligation rule’, and imposition of tariff quotas on the strains of the European Union. The ministry has additionally reached … Read more