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India monitoring steel import situation - govt official

India is closely monitoring steel imports from China, which reached a five-year high in the first four months of this fiscal year, amid concerns of potential dumping by Chinese sellers and a fall in domestic steel prices due to surplus sales in the local market.

reuters.com
Relevant topic timeline:
India's stock market is reaching record highs, making it an attractive investment destination for global investors, especially as China struggles with economic woes, positioning India as a "safe place to hide" and a geopolitical juggernaut.
The decline in Chinese imports into the U.S. is impacting steel prices and raising concerns about sourcing steel and other metals.
India has imposed an anti-dumping duty on certain Chinese steel for five years due to concerns over potential dumping by Chinese sellers.
India's steel producers anticipate a rise in local manufacturing and a decrease in prices after the government's imposition of an anti-dumping duty on steel wheels from China, leading to increased competition and lower domestic prices.