Government probes dumped steel products, says Steel Directorate.

According to Steel Secretary Nagendra Nath Sinha, the government is investigating problems related to the dumping of specific types of steel products into the Indian market on Tuesday. The announcement was made as industry worries about the increase in imports of steel are growing.

India continued to be the net importer of steel in October.

At the "4th ISA Steel Conclave" event here, Sinha informed reporters that the Ministry of Finance is investigating dumping issues pertaining to specific categories of steel products and will make a final decision regarding the anti-dumping duty.

SteelMint India reports that in October, the nation imported 0.46 million tonnes (MT) of steel, while exporting 0.24 MT of the metal.

Regarding coking coal supplies, the official stated that the government is attempting to obtain the raw material for making steel from alternative sources and is in discussions with Russia and Mongolia.

The majority of the imports come from Mozambique, Australia, the US, and Canada.

The secretary responded that the second stage of the production-linked incentive program for the steel industry is currently in the discussion stage when questioned about it.

T V Narendran, CEO and MD of Tata Steel, expressed concern about India's net import of steel.

If imports continue to climb, the government has promised to step in, according to Narendran.