Steel Ministry likely to crackdown on substandard imports; 15-day relaxation granted to clear old stock
Malpractices in India’s steel imports have surfaced, with traders sidestepping BIS quality norms and manipulating data to bring in substandard consignments from China, Vietnam, and some from Japan. Increased scrutiny by the Steel Ministry uncovered how several smaller importers falsified paperwork while applying for “new grades” to evade import restrictions and mandatory quality checks. In […]