The Indian Ministry of Trade and Industry proposes to introduce a temporary 12 % fee for the import of some steel products. Like China and Vietnam.
The purpose of it in the part is called a serious removal of the national steel industry, as well as its threat, perhaps related to the handling of the Indian Steel Manufacturers Association (ISA), calling for protection measures due to a significant increase in the volume of steel import volume. The corresponding decision of the government has not been given. They plan to collect their suggestions within a month and decide the plans for the results of the hearing sessions.
Therefore, planned measures can lead to the fact that India will participate in a limited wave for delivery given by the US government. US tariffs at 25 percent of steel and aluminum imports from around the world take effect on March 12, their introduction purpose of the Donald Trump administration is called restoration of production facilities throughout the country.
On Wednesday, on March 19, it was known that the European Union (EU), trying to protect itself from the influence of the missions given by the United States, will reduce the quotas 15 % from April 1 to supply in the context of reducing the attractiveness of the US market will not increase in the EU.
The General Director of the Indian Trade Protection Measures (DGTR) believes that the US mission has become one of the main factors of shifting steel products to the country, and the introduction of tasks will be suitable from its viewpoint of protection from its flow.