Steelmaker Arcelor-Nippon says India's plan for raw material curbs ignores Red Sea crisisArcelorMittal's India joint venture has privately warned trade officials in New Delhi that a plan to curb imports of a key raw material for steelmaking overlooks the implications of the Red Sea crisis, a letter showed. Story continues below Advertisement Remove AdThe April proposal, which came after growing shipments caused "serious injury" to domestic producers, also recommended setting quotas on met coke for exporting nations. The company, India's commerce ministry and the trade remedies body did not respond to requests for comment. India's imports oMost Usedf the fuel have more than doubled over the past four years, and its top suppliers include Poland and Switzerland, as well as China and Indonesia. This month, Reuters reported that India's steel ministry also did not favour limits on imports of met coke, citing risks to domestic output.

Source: Daily Nation June 21, 2024 11:43 UTC