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Keeping close watch on steel imports: SAIL Chairman Amarendu Prakash

Keeping close watch on steel imports: SAIL Chairman Amarendu Prakash

India's largest steel player, SAIL, is closely monitoring steel imports amid concerns over China's heavy tariffs on electric vehicles, batteries, steel, solar cells, and aluminium. India reported a 38% surge in steel imports to 8.319 million tonnes in 2023-24, becoming a net importer. Steelmakers are seeking government intervention and domestic players are demanding a curb on imports and review of free trade agreements.

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