11,172.75 TRY BIST 100 BIST 100
4.56 CNY CNY CNY
33.00 USD USD USD
35.93 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
42.17 TRY Interest Interest
82.37 USD Fossil Oil Fossil Oil
28.80 USD Silver Silver
4.15 USD Copper Copper
103.01 USD Iron Ore Iron Ore
382.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,530.70 TRY Gold (gr) Gold (gr)

India imposes measures on steel imports

India is set to modernize its steel import reporting system to improve transparency and efficiency in monitoring steel imports.

India imposes measures on steel imports

This initiative is a response to concerns about the accuracy and timeliness of current reporting methods. The current system relies heavily on manual data entry, leading to inconsistencies and delays in reporting steel imports. To address these issues, the government is considering implementing a new electronic reporting system to streamline the process and increase data accuracy.

One of the main objectives of this revision is to ensure prompt reporting of steel import data, allowing policymakers to make informed decisions and respond quickly to market changes. By adopting electronic reporting system, India aims to strengthen its capacity to monitor steel imports and effectively enforce trade regulations.

Additionally, the proposed system is expected to increase transparency by ensuring import data is easily accessible to relevant stakeholders, including government agencies, industry participants and the public. This transparency is important in promoting fair trade practices and preventing illegal or unfair trading activities in the steel industry.

The updated reporting mechanism strengthens overall management and reduces bureaucratic hurdles by facilitating improved coordination among the various government agencies responsible for regulating steel imports.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In
SteelRadar Insight - Sayı 1 (Haziran 2024)

Most read news

What are the expectations for imported scrap prices in Türkiye?

Tuesday, July 23, 2024

MMK announced its operating results for the 2nd quarter and 6 months of 2024

Tuesday, July 23, 2024

ArcelorMittal Poland closes coke battery in Krakow

Tuesday, July 23, 2024

Made in Steel 2025: Steel industry is shaping the future!

Monday, February 26, 2024

Egypt’s rebar market with price fluctuations and competitive offers this week

Tuesday, July 23, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now