The draft Order will also discourage investment in key manufacturing sectors since BIS standards are not comprehensive and updated, the MASSMA official said.
While mineral production in India registered 9% growth in 2015-16, we are inching towards a stage wherein we have surplus coal production.
The capacity of the plant is initially poised to be 50 tonnes per annum, given the current production rate from the Surda mines.
MMMM 2016 offers a platform for industry professionals to establish JVs, partnerships and associations besides offering opportunities for sourcing, dealership.
On expiry of the six months validity of the minimum import price levied on steel imports, government extended the MIP further by a period of two months.
Price floor on imports of 173 steel items was imposed in February this year to safeguard the domestic steel industry- already struggling to maintain margins and repay loans.
The stainless steel QCO is restricted to only the 25 grades of stainless steel which are covered in the three standards. All other stainless steel grades are exempted from the QCO.
The 66 products include semi-finished products of iron or non-alloyed steel, flat-rolled products of different widths, bars and rods.
On the production front, SAIL performance in July 2016 improved with production of 1.16 million tonne of saleable steel, up 13 per cent over July 2015.
The DGAD’s investigation determined dumping margins on HRC imports from South Korean Hyundai Steel of 20-30 per cent, being the lowest margin issued.
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