India's Steel Minister negotiates with Finance Ministry for policies to limit steel imports and support domestic industry.

India's Steel Minister H.D. Kumaraswamy is negotiating with the Finance Ministry to implement policies, including a minimum import price, aimed at curbing rising steel imports to protect the domestic industry. India, the second-largest crude steel producer, has faced a surge in imports from countries like China, Japan, and South Korea, leading to a decline in local steel prices. Kumaraswamy is also focused on reviving Rashtriya Ispat Nigam Limited amid protests against its privatization.

September 17, 2024
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