The centre has found instances of poor-quality steel imports and barred their entry into the country. A Steel Ministry statement said cheaper imports lead to depression of domestic steel prices and affect steel producers, both large and small. According to the ministry, many traders and manufacturers have been trying to import steel with minor alternations in steel grades to bypass Bureau of Indian Standard ( BIS ) requirements. These seem to be an attempt to import cheap steel in the name of different grades, an official statement said. BIS has notified 151 standards covering 1376 steel grades that are covered by Steel Ministry’s Quality Control Orders (QCO). “This ensures that the steel produced domestically or imported from outside conforms to BIS standards ,” the statement said while adding that this move puts curbs on low-quality steel. Any import of steel from outside can also be done with a BIS licence. However, some steel grades, which are not yet covered by BIS standards, can be imported with a No Objection Certificate (NOC) from the Steel Ministry. Commenting on instances of misuse under this provision, the statement said, “It has been observed that many traders and manufacturers have been trying to import steel with minor alternations in steel grades to bypass BIS standard requirement.” Office ProductivityAdvanced Excel Course - Financial Calculations & Excel Made EasyBy - Anirudh Saraf, Founder- Saraf A & Associates, Chartered AccountantView Program Web DevelopmentMaster RESTful APIs with Python and Django REST Framework: Web API DevelopmentBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program Web DevelopmentIntermediate C++ Skills: Master Pointers, Structures and File StreamBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program FinanceA2Z Of Finance: Finance Beginner CourseBy - elearnmarkets, Financial Education by StockEdgeView Program MarketingMarketing & Sales Strategies for Startups: From Concept to ConversionBy - Dr. Anu Khanchandani, Startup Coach with more than 25 years of experienceView Program FinanceAI and Generative AI for FinanceBy - Hariom Tatsat, Vice President- Quantitative Analytics at BarclaysView Program Web DevelopmentDjango & PostgreSQL Mastery: Build Professional Web ApplicationsBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program LeadershipCrafting a Powerful Startup Value PropositionBy - Dr. Anu Khanchandani, Startup Coach with more than 25 years of experienceView Program StrategySuccession Planning MasterclassBy - Nigel Penny, Global Strategy Advisor: NSP Strategy Facilitation Ltd.View Program Data ScienceSQL for Data Science along with Data Analytics and Data VisualizationBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program Artificial Intelligence(AI)Basics of Generative AI: Unveiling Tomorrow's InnovationsBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program Office ProductivityMicrosoft Word Mastery: From Beginner to ExpertBy - CA Raj K Agrawal, Chartered AccountantView Program MarketingFuture of Marketing & Branding MasterclassBy - Dr. David Aaker, Professor Emeritus at the Haas School of Business, UC Berkeley, Author | Speaker | Thought Leader | Branding ConsultantView Program MarketingDigital marketing - Wordpress Website DevelopmentBy - Shraddha Somani, Digital Marketing Trainer, Consultant, Strategiest and Subject Matter expertView Program FinanceTally Prime & GST Accounting: Complete GuideBy - CA Raj K Agrawal, Chartered AccountantView Program Office ProductivityExcel Essentials to Expert: Your Complete GuideBy - Study At Home, Quality Education Anytime, AnywhereView Program LeadershipBoosting Startup Revenue with 6 AI-Powered Sales Automation TechniquesBy - Dr. Anu Khanchandani, Startup Coach with more than 25 years of experienceView Program Artificial Intelligence(AI)AI-Powered Python Mastery with Tabnine: Boost Your Coding SkillsBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program Web DevelopmentC++ Fundamentals for Absolute BeginnersBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program LeadershipBusiness Storytelling MasterclassBy - Ameen Haque, Founder of StorywallahsView Program Data ScienceSQL Server Bootcamp 2024: Transform from Beginner to ProBy - Metla Sudha Sekhar, IT Specialist and DeveloperView Program According to official data, import applications for 1136 more grades have been filed with the Steel Ministry. “Most of these grades are neither internationally recognized nor covered in BIS standards. They just have minor variation in chemical composition or product measurements and seem to be an attempt to import cheap steel in the name of different grades,” the statement said. It is also to be noted that most of these shipments have been ordered without any NOC from Steel Ministry, the statement said. Responding to concerns that Japanese steel imports are being curbed, the Ministry said, “As far as applications for import of steel from Japan is concerned…735 applications were received, out of which 594 have been allowed. Only in 141 cases NOC have not been granted as the applications were not as per norms.” The Ministry also said attempts to import cheap steel in the name of different grades and to bypass BIS standards should not be encouraged as it will lead to sub-standard quality of steel and affect domestic small and large manufacturers. India imported 4.735 Million Tonnes steel in the first six months of the current fiscal, 41.3% higher than the same period during previous financial year. Nominations for ET MSME Awards are now open. The last day to apply is November 30, 2024. Click here to submit your entry for any one or more of the 22 categories and stand a chance to win a prestigious award. (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)
