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India's steel sector: Cheap imports, dumping hurt domestic production; RBI calls for safeguard measures

The Reserve Bank of India has urged policy measures to bolster domestic steel sector competitiveness, facing pressure from rising imports and global dumping in 2023-25. Low import prices have adversely impacted domestic production, with significant imports originating from South Korea, China, and the US. The central bank highlights the need for innovation and cost efficiency […]