India's steel ministry is reportedly unlikely to seek new curbs on cheap steel imports

Reuters reported on October 7, citing a government source, that India's steel ministry was unlikely to seek new curbs on cheap steel imports in the near term despite a request from domestic steelmakers. The source said no safeguard-duty hike was planned because steel prices were already high. India imported 3.5 million metric tons of finished steel in April–August, up 29.5% from a year earlier.