Maharashtra clears 937 hectares for Gadchiroli steel expansion Steel stock surges 29% in just two days Steel output rises 14% to 9.25 MT Infrastructure boom fuels India’s steel consumption
The Government of India has decided to speed up Bureau of Indian Standards (BIS) clearances for Taiwanese steel plants following complaints from MSMEs about import delays. The issue arose after the Quality Control Order (QCO), effective June 13, made BIS certification mandatory for all imported steel, including slabs, hot-rolled, and cold-rolled coils.
Several Taiwanese mills—though compliant with global standards—have faced delays in getting BIS approval. This has stalled shipments worth nearly ₹150 crore, already paid for by Indian MSMEs. Many small manufacturers said the disruptions have affected production schedules and increased their costs, as domestic steel remains expensive.
Taiwan is among India’s top six steel import sources, after South Korea, China, Japan, and Vietnam. MSMEs depend on these imports for affordable raw material supply and value addition in downstream industries.
The Ministry of Steel has assured that the clearance process will be fast-tracked to ease bottlenecks and restore supply flows, ensuring that MSMEs can access the inputs they need to remain competitive in domestic and export markets.
Also Read : Govt looks into long-term coal links with no end-use limitations for steel, cement sectors Govt considering doubling safeguard duty on steel to 24%
JSL to reduce conventional energy use by 40% with new sourcing pact. Move supports India’s cl...
Business 11-Apr-2025
GAIL is aiming to enter the Liquefied Natural Gas (LNG) retail sector to set up LNG dispensing stati...
Large Corporate 14-Mar-2024
Gerdau Mexico has partnered with Harsco Environmental for a seven-year scrap metal service term, aim...
Latin America 21-Feb-2024
China's industrial data boosted domestic metal stocks yesterday, with Hindustan Copper rising 9% to...
Ferrous 02-Apr-2024
The Orissa High Court has extended interim protection to Tata Steel in a high-value dispute over all...
Construction 26-Nov-2025
Steel Dynamics Inc. (SDI) has announced the launch of two innovative steel brands, BioEdge and Edge,...
Construction 29-Oct-2025