India, Aug. 5 -- The Government of India issued the following news release:
Steel is a deregulated sector and the Government acts as a facilitator by creating a conducive policy environment for the development of steel sector in the country. The decisions regarding import and export are taken by the steel companies based on techno- commercial considerations and market dynamics.
India is the world's second-largest steel producer. During the financialyear2024-25, India's finished steel production andexportswere146.69 MnTand4.86MnT, respectively.
Government has taken following steps to facilitate the reduction of Steel imports and to improve the competitiveness of domestic steel manufacturers to reduce dependency on imports:-
Implementatio...