India's steel ministry doesn't want higher import taxes: Govt Source
India's federal Ministry of Steel has no immediate plans to impose higher taxes on imported steel, even though the country has become a net importer of the alloy due to rising shipments from abroad, especially China, as per a government source. India's top steel producers have asked the government to impose higher taxes on imports to curb foreign supplies to the world's second-largest crude steel producer. However, a source with direct knowledge of the matter said the steel ministry has not sent a proposal to impose higher taxes to the finance ministry at this stage due to strong domestic demand.
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