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India to convene open hearing on April 27 to discuss steel imports

The Ministry of Steel announced that it will hold an “Open Hearing” on April 27 to address issues related to steel imports. The meeting will particularly focus on evaluations regarding SIMS and QCO exemptions.

India to convene open hearing on April 27 to discuss steel imports

According to the Ministry’s statement, those wishing to attend the meeting must submit a prior application. Participants are required to send an email by April 24 at 15:00 to allow for the allocation of suitable time slots. The open hearing will take place between 11:00 and 17:00, and confirmed participation times will be communicated via email.

The Ministry emphasized that participation without prior application will not be permitted and stated that only one representative per organization will be accepted. Applications must clearly specify the company or association name, sector of activity, product type, and how the submitted issue relates to SIMS, SARAL SIMS, or QCO exemptions. In addition, a brief description of the issue, any application reference number (if applicable), and contact details must be provided.

Meanwhile, in its assessment published on April 8, the Ministry stated that India’s steel sector demonstrated strong performance in the 2025–26 fiscal year despite global uncertainties and pricing pressures. The country maintained its position as the world’s second-largest steel producer.

India’s crude steel production increased by over 10.7% year-on-year during the April–March period, reaching approximately 168.4 million tons. Driven by strong domestic demand and infrastructure activity, finished steel consumption also rose to around 164 million tons. During the same period, finished steel exports increased by 35.9% to exceed 6 million tons, while imports declined by 31.7%. As a result, India regained its status as a net exporter.

However, the sector faced margin pressure due to volatile raw material costs, rising logistics expenses, and global price fluctuations. Disruptions in natural gas supply and increasing energy costs were also noted to have heightened vulnerabilities in the supply chain.

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