Review meeting on rising steel imports from China and Vietnam is held by the Steel Ministry.

An industry official stated that the government has examined the import situation of steel in light of the growing number of shipments coming in from within the country. Concerns about the increase in steel imports from certain nations, such as China and Vietnam, have been voiced by steel industry participants to a number of ministries, including commerce and steel. An industry official said that the Ministry of Steel met on Wednesday to discuss the nation's import situation. Representatives from several steel companies attended the meeting, which was presided over by Steel Secretary Nagendra Nath Sinha. He said that several officials from the ministry took part in the one-hour meeting. "Steel makers informed the ministry that there has been a continuous surge in imports from countries like China and Vietnam despite the same type of steel being available in India," said an official from the Steel Ministry. When questioned about the procedures, the official stated that no action could be taken until the ministry had reviewed the information that the steel industry had submitted.
A few other proposals have also been made, such as the removal of certain duty reductions and tariff rate quotas, which establish specified upper bounds for shipments arriving duty-free. In accordance with that, the issue would also be discussed with the ministries of finance and commerce. 1.19 million tonnes (MT) of steel were imported in November compared to 0.32 MT of exports, per SteelMint. Additionally, India imported 0.46 MT of steel in October 2023 as opposed to 0.24 MT of exports. India became a net importer of steel in October, a development that was deemed concerning by T V Narendran, the CEO and MD of Tata Steel, last month.