Edible oil industry body Solvent Extractors Association of India (SEA) has urged the government to impose an import duty of 35.75 per cent on Palm Stearin in line with crude palm oil (CPO) to protect the domestic palm refining and oleochemicals industry. Palm stearin, a by-product of CPO, is used in the food industry for […]
The European Steel Association (Eurofer)) has warned that the explosive growth in exports from third countries, such as Iran, India, South Korea, Turkey and others, risks undermining the progress made in deploying trade defence tools to stabilise the industry against massive dumping from China. “Imports now make up a share of 25% of the EU […]
India’s ambition to become a steel producing colossus will be hampered by its own democratic system and the government’s inability to sink in huge sums into an industry that needs massive investments, a Chinese newspaper has said. Raising doubts over India’s intention to triple its steel output after Prime Minister Narendra Modi said last year […]
India’s efforts to safeguard its domestic steel makers from cheap imports helped the country lower its overseas buys to at least a 14-month low in May, ministry data showed. Steel imports in May stood at 546,000 tonnes of finished steel, down nearly 41 percent from the same period last year, according to the the Joint […]
