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ACMA calls for abolition of steel duty by ministry

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    • Priyadarshi Siddhanta Tags : Posted: Monday , Sep 01, 2008 at 2331 hrs

    "The restrictions artificially lowered steel prices within China due to domestic oversupply, enabling Chinese auto component manufacturers to make lower-priced goods. The Indian auto component industry is, on the other hand, burdened with high raw material prices. This puts the entire industry at great peril," ACMA argued.

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