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Indian steel markets need to be protected from unfair competition ¨C Mr Abbasi-The 18th Guangzhou Die-casting, Foundry & Industry Furnace Exhibition
6/15/2017 Die-casting expo-foundry expo |
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First Post reported that a senior steel ministry official said that with call for protectionism growing across the globe, Indian steel markets are also required to be protected against unfair trade practices. Mr Syedain Abbasi, Joint Secretary Ministry of Steel, said ¡°When big and established economies are protecting their industries, we need to be clear that our domestic markets are also required to be protected against unfair trade practices.
He said the steel ministry has gone the extra mile to protect the domestic players from cheap imports. He said "Steel industry is very clear about it which is why after the issue of MIP...anti-dumping duties, what we have in place is a policy for providing preference to domestically manufactured iron and steel products.
The Cabinet has also approved a policy for use of domestic steel products in government organizations.
-The
18th Guangzhou Die-casting, Foundry & Industry Furnace Exhibition
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