New Delhi, July 3 -- The Ministry of Steel has dismissed concerns regarding potential price increases following its June 13 order mandating Bureau of Indian Standards (BIS) compliance for steel importers.

The ministry stated that India's current manufacturing capacity is sufficient to meet domestic demand without triggering price escalations.

In a statement released Wednesday, the ministry characterised concerns about price increases as unfounded, citing India's steel manufacturing capacity of 200 million tonnes as adequate to satisfy current domestic requirements.

The clarification came in response to apprehensions raised after the June 13, 2025 order requiring steel importers to adhere to BIS standards for intermediate products.

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