In order to help domestic manufacturers, the government will take more steps to contain imports of defective or sub-standard steel. The local players prefer imports of defective or sub-standard steel as it is cheaper.
According to industry experts, sub-standard steel impacts the quality of goods and hurt domestic manufacturers. The issue was discussed during a high-level meeting of steel and commerce ministries on June 11. There are already quality control guidelines for various steel products used in various industries to check imports of sub-standard items.
Further, the ministries of commerce and steel also assured engineering exporters of making all the efforts to ensure the sector's outbound shipments reach $200 billion by 2030. The country's engineering exports was up by 6.36% to $83.7 billion in 2018-19 from $78.7 billion in 2017-18.
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