China, Korea, Japan ship 75% of India's steel in April-June quarter - Daily News & Analysis
According to the data, China, South Korea and Japan together exported 19. 11 LT of finished steel in the first quarter of 2015-16 out of the total imports of 25. 7 LT, accounting for 74. 5% of the total imports. Tomar informed the House that: "Some domestic steel manufacturers and other stake holders have represented against the surge in imports of steel. Government has ensured that only quality steel is imported through Steel and Steel Product (Quality Control) Order on March 12, 2013, which was amended on December 4, 2014, he said. In June, the government raised basic customs duty (BCD) on some long and flat steel products by 2. 5%. Import duty on flat steel products was increased to 10% from 7. 5%, while for long steel products it was raised to 7. 5% from 5%. During June... Source: www.dnaindia.com
