Govt to take Measures to Boost Steel Industry

Steel updates - The Indian Government has said that it is planning to take appropriate measures on a priority basis to boost the steel sector. Commenting on the issue, Union Minister Narendra Singh Tomar told the media, "We are in internal discussions on the measures and also held talks with all stakeholders in this regard." “The steel sector also has a major contribution in the country's GDP. After talks with all stakeholders in view of the prevailing slump in the steel industry, the proposals have been placed before the Commerce Ministry to seek its view,” he added. As per reports, dumping from China was the reason behind the prevailing situation for the steel sector. The Government has already issued a quality control order to address the issue. As per reports, the problem of dumping was mainly from China, which was doing it at less than the production cost, causing problem to the domestic industries.