India opens new ports for used steel imports

India has increased the number of ports that can handle imports of non-prime steel to a total of six, with the addition of three new ports, the ministry of commerce and industry said.

A ministry notification dated Jan 18. and made public on Saturday implies all types of steel can be imported through the new ports. The is set to encourage foreign purchases of non-prime category steel. [http://bit.ly/2DRagUO]

The news comes after India imposed anti-dumping duty on several stainless steel and flat steel products from China, the United States, South Korea and the European Union, to curb the influx of cheaper imports and help local producers.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)