India's steel ministry backs industry's demand to raise tariffs
Adds details, quotes, paragraph four onwards
By Shivangi Acharya
NEW DELHI, Sept 4 (Reuters) -India's steel minister will try to convince the finance ministry to raise tariffs on steel imports, he said on Wednesday, to protect domestic mills from a rise in cheaper imports from countries such as China.
India, the world's second biggest crude steel producer, turned net steel importer in the fiscal year through March, and the trend continued during the first four months of the fiscal year that began in April.
China was the top steel exporter to India from April to July, shipping about 807,000 metric tons to its neighbour. It was followed by Japan and South Korea.
Minister of Steel H. D. Kumaraswamy told reporters on the sidelines of an industry conference his ministry had requested the Ministry of Steel take several steps to protect it from cheaper imports. They included backing an industry demand to raise tariffs on steel imports to 10%-12% from 7.5%.
"Our steel industry is facing a lot of problems. They are suffering," Kumaraswamy told reporters.
The Indian government in August initiated an anti-dumping investigation on certain steel products imported from Vietnam.
Steel mills such as JSW Steel (JSTL.NS), India's largest steel producer by capacity, and Tata Steel TISC.NS, meanwhile, have said that the industry was in talks with the government on trade measures.
Steel prices in India have plunged to their lowest level in more than three years due to higher imports and subdued exports, according to data from commodities consultancy BigMint.
Reporting by Shivangi Acharya, writing by Shilpa Jamkhandikar and Mayank Bhardwaj; editing by Barbara Lewis
Eng oxirgi yangiliklar
Javobgarlikdan voz kechish: XM Group korxonalari har biri faqat ijro xizmatlarini koʻrsatadi va onlayn savdo platformamizdan foydalanish huquqini beradi, bu odamga veb-saytda yoki veb-sayt orqali mavjud boʻlgan kontentni koʻrish va/yoki undan foydalanishga ruxsat beradi hamda uni oʻzgartirishga moʻljallanmagan va uni oʻzgartirmaydi yoki kengaytirmaydi. Bunday kirish va foydalanish huquqi doimo quyidagilarga boʻysunadi: (i) Shartlar va qoidalar; (ii) Risklar haqida ogohlantirish; va (iii) Javobgarlikni toʻliq rad etish. Shuning uchun bunday kontent umumiy maʼlumot sifatida taqdim etiladi. Xususan, shuni esda tutingki, bizning onlayn savdo platformamiz mazmuni moliyaviy bozorlarda biror bitimni amalga oshirishga oid maslahat yoki taklif emas. Har qanday moliyaviy bozorda savdo qilish sizning kapitalingiz uchun jiddiy risk darajasini oʻz ichiga oladi.
Onlayn savdo platformamizda chop etilgan barcha materiallar faqat taʼlim/axborot maqsadlari uchun moʻljallangan va unda moliyaviy, investitsiya soligʻi yoki savdo maslahatlari va tavsiyalar; yoki bizning savdo narxlarimizning qaydlari; yoki har qanday moliyaviy vositalar bilan bitim tuzish maslahati yoki taklifi; yoki sizga kerak boʻlmagan moliyaviy reklama aksiyalari hisoblanmaydi
Har qanday uchinchi tomon kontenti, shuningdek XM tomonidan tayyorlangan kontent, masalan: fikrlar, yangiliklar, tadqiqotlar, tahlillar, narxlar va boshqa maʼlumotlar yoki bu veb-saytda joylashgan uchinchi tomon saytlariga havolalar umumiy bozor sharhi sifatida "boricha" taqdim etiladi va investitsiya maslahatini tashkil etmaydi. Har qanday kontent investitsiya tadqiqoti sifatida talqin qilinsa, siz bunday kontentni investitsiya tadqiqotlarining mustaqilligini ragʻbatlantirish uchun moʻljallangan qonun talablariga muvofiq moʻljallanmagan va tayyorlanmaganligini eʼtiborga olishingiz va qabul qilishingiz kerak, shuning uchun unga tegishli qonunlar va qoidalarga muvofiq marketing kommunikatsiyasi sifatida qaraladi. Mustaqil boʻlmagan investitsiya tadqiqoti va yuqoridagi maʼlumotlarga oid risk haqida ogohlantirishimizni oʻqib chiqqaningizga va tushunganingizga ishonch hosil qiling, unga bu yerdan kirish mumkin.
