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India's Regulatory Recalibration: Steel Standards' Suspension
India's steel ministry prepares to suspend quality control orders on 55 steel grades imminently. Forty-two orders face three-year suspension, while thirteen specialty steel controls receive one-year abeyance. This regulatory relaxation permits unregulated imports of certain steel grades, encouraging micro, small, & medium enterprises & manufacturing sectors including engineering, automotive, & electrical appliances. The ministry retains controls for specialty grades where domestic capacity exists, & for health, safety, defense, & atomic energy applications. The decision follows high-level committee recommendations for regulatory reforms, balancing producer interests against consumer needs.
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