New Delhi: The Ministry of Steel liberated 202 licenses for foreign steel from the compulsory quality certification of Indian standards (BIS) within the portal of the monitoring system for steel imports (SIMS) in motion to facilitate the escape of supplies for domestic steel manufacturers.
Exceptions, which were announced through the order on 8 August, cover manufacturers from 17 countries, including Japan, South Korea, Germany, Italy, France, Russia and the USA. Japan leads a list with more than 80 licenses, followed by South Korea with more than 50. These countries are the main suppliers of high quality steel used in the automotive industry, engineering and specialized industrial applications.
The decision was taken “in the procedures” of July 11, which allows such exceptions based on the self -installation of companies, subject to the BIS verification, said the order. The aim of this step is to ensure continuous availability of high quality inputs for domestic steel manufacturers, especially integrated steel power plants (ISP), without delayed with certification requirements.
“This is a continuous exercise and other licenses can be exempt according to the acceptance of applications,” the ministry said.
The requirement to certify BIS quality, introduced with restrictions on non -standard imports and support of domestic steelmakers, was marked as the cause of narrow supplies for certain steel levels that are not located locally. Exceptions like this help to balance quality control with industrial demand, especially because India seeks to increase production under “make in india” and meet infrastructure growth goals.
The government’s decision will benefit from the main players such as Japan Nippon Steel, JFE Steel and South Korea Posco and Hyundai Steel. Exceptions could also help control the input costs for Internet service providers at a time when the global steel prices remain volatile.
Arrangement
However, Trade Analysts consider this step to be temporary for this industry.
“The reasons for such requirements remain controversial – especially if the BIS certification of the final product of the rolling mill already ensures compliance with raw materials. Micro small and medium -sized enterprises (MSME) relying on rolling mills for small, flexible orders. Commercial race, found, global shop (Think tank.
In the related development, the Ministry of Steel announced that on 19 August it will have an “open house”, which deals with concerns from the industry on the monitoring system for steel monitoring (SIMS), quality control commands (QCOS) and no certificates of objection (night) for steel imports.
Companies and industrial associations will be able to submit specific problems related to these regulations directly to the ministry officials, according to a statement by the Ministry issued on Monday.
Indian finished imports of steel decreased by 27.6%in the first two months of the current financial year, because consignments from China and Japan have fallen according to the interim data of the government.
India, the second largest oil producer in the world, imported 0.9 million tons of finished steel during April May, showed the data, and consignments from China dropped by 47.7% of AZ Japan by 65.6% a year.
China has exported 0.2 million tons of finished steel to India for two months, while Japan supplied 0.1 million tonnes during this period, showing the data.
South Korea was a top steel export to India during April May, with consignments rising by 8.2% to 0.4 million tonnes.
Imports from China, Japan and South Korea represented 74.4% of the total completed imports in India steel and coils or strips rolled on hot things were the largest import of India, the data showed.
(Tagstotranslate) Ministry of Steel (T) Office for Indian Standards (T) System Monitoring of Steel Imports (T) High quality steel (T) Make in India (T) BIS Certification (T) Steel License
