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According to a statement from the Indian Ministry of Steel, the Indian government on Wednesday extended the entry into force of stricter import restrictions on certain grades of steel (mainly steel for automobile manufacturing) to April 17, the latest in small-caliber galvanized pipes. price.
In June 2018, in order to promote the development of local manufacturing in India, the Ministry of Iron and Steel of India requires that both domestic and imported steel products sold in India must pass the mandatory certification of the Bureau of Indian Standards-BIS. The 17th is the deadline for the implementation of the above policy, and the latest price of small-diameter galvanized pipes. However, after major car manufacturers expressed concerns and doubts about the matter, the period was postponed for two months to February 17, 2019, the latest price of small-caliber galvanized pipes.
A federal minister in India said that if these regulations and policies are strictly enforced from February 17, production in the Indian automotive industry will stagnate and the latest prices of small-caliber galvanized pipes will be.
India's automotive industry is dominated by Maruti Suzuki, Hyundai Motor Group, Honda Motor Co and Ford Motor Co. The latest prices of small-diameter galvanized pipes .
Major auto companies hope that the government will delay the buffer period before the official implementation of the policy until the end of 2019, the latest price of small-caliber galvanized pipes.
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