Reuters logo
BUZZ-India steel makers rise on govt's order to curb imports
December 17, 2015 / 5:28 AM / 2 years ago

BUZZ-India steel makers rise on govt's order to curb imports

** Tata Steel up 2.6 pct, JSW Steel gains 2.5 pct and Steel Authority of India rises 1.9 pct

** Ministry of steel publishes draft order on its website prohibiting production, sales and trading without Bureau of Indian standards (BIS) approval (bit.ly/1T2VnPH)

** Order covers most carbon steel products and is likely to be more effective than earlier measures in containing imports for the next 6-9 months because most of the steel mills exporting to India don’t have BIS approval - Motilal Oswal

** India had earlier slapped import duties on stainless steel to help local firms (RM: abhishek.vishnoi.thomsonreuters.com@reuters.net)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below