India sets new steel quality standards; auto-grade imports exempt for 6 months | Reuters

India sets new steel quality standards; auto-grade imports exempt for 6 months
| Reuters

NEW DELHI India imposed quality standards on steel products sold in the country on Thursday, but delayed bringing auto-grade steel imported by car makers under the ambit of the new order by six months.

Indian car makers import about 1 million tonnes of high-tensile steel annually, mainly from Japan and South Korea, and had sought an extension to avoid disruption in production.

Quality standards for all steel products, except auto-grade steel, will come into effect on March 18. (bit.ly/1RQAq8i)

India was expected to delay the implementation of quality standards on auto-grade steel imports, Reuters reported on Wednesday.

(Reporting by Sankalp Phartiyal; Editing by Sunil Nair)

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Updated Date: Mar 17, 2016 19:42:36 IST

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