+
MSMEs Urge Reconsideration of Proposed Steel Import Duty Hike
Steel

MSMEs Urge Reconsideration of Proposed Steel Import Duty Hike

MSME Concerns:

Micro, Small, and Medium Enterprises (MSMEs) are voicing concerns over a proposed hike in steel import duties. They argue that the increase could significantly impact their cost structure and operational efficiency. Impact on Costs:

A rise in import duties could lead to higher steel prices, affecting the cost of production for various industries. MSMEs, which are already price-sensitive, may struggle with increased input costs. Competitive Disadvantage:

MSMEs worry that higher duties could put them at a competitive disadvantage compared to larger firms and international competitors. Increased costs may also affect their pricing strategies and market share. Sectoral Impact:

Steel-intensive sectors, including construction and manufacturing, could see an escalation in project costs. MSMEs involved in these sectors may face financial strain, potentially leading to reduced production or layoffs. Government Response:

The government is considering the feedback from MSMEs and industry stakeholders. A review of the proposed duty hike will assess its impact on various sectors and the overall economy. Recommendations:

MSMEs are recommending that the government reconsider or modify the proposed duty increase to mitigate adverse effects. They are also advocating for supportive measures to help them adapt to changing market conditions. Conclusion: The proposed increase in steel import duties has raised significant concerns among MSMEs, who fear it could lead to higher production costs and competitive challenges. As the government reviews the proposal, there is a call for balanced measures that consider the needs of small and medium enterprises.

MSME Concerns: Micro, Small, and Medium Enterprises (MSMEs) are voicing concerns over a proposed hike in steel import duties. They argue that the increase could significantly impact their cost structure and operational efficiency. Impact on Costs: A rise in import duties could lead to higher steel prices, affecting the cost of production for various industries. MSMEs, which are already price-sensitive, may struggle with increased input costs. Competitive Disadvantage: MSMEs worry that higher duties could put them at a competitive disadvantage compared to larger firms and international competitors. Increased costs may also affect their pricing strategies and market share. Sectoral Impact: Steel-intensive sectors, including construction and manufacturing, could see an escalation in project costs. MSMEs involved in these sectors may face financial strain, potentially leading to reduced production or layoffs. Government Response: The government is considering the feedback from MSMEs and industry stakeholders. A review of the proposed duty hike will assess its impact on various sectors and the overall economy. Recommendations: MSMEs are recommending that the government reconsider or modify the proposed duty increase to mitigate adverse effects. They are also advocating for supportive measures to help them adapt to changing market conditions. Conclusion: The proposed increase in steel import duties has raised significant concerns among MSMEs, who fear it could lead to higher production costs and competitive challenges. As the government reviews the proposal, there is a call for balanced measures that consider the needs of small and medium enterprises.

Next Story
Infrastructure Transport

CONCOR, Dubai’s RHS Partner for Global Logistics Push

 Container Corporation of India Ltd (CONCOR) has entered into a strategic partnership with Dubai-based Rais Hassan Saadi Group (RHS) to explore joint opportunities in the overseas shipping and logistics sector. The collaboration was formalised through a Memorandum of Understanding (MoU) signed on 14 July 2025, aimed at providing integrated, cost-effective end-to-end logistics solutions with a focus on enhancing international multimodal connectivity.The agreement aligns CONCOR’s extensive expertise in inland logistics, terminal operations, and supply chain management with RHS Group’s es..

Next Story
Infrastructure Urban

AM/NS Commissions Galvanising Line at Hazira Plant

ArcelorMittal Nippon Steel (AM/NS) India has commissioned a new Continuous Galvanising Line (CGL) at its Hazira facility to produce advanced high-strength steel for the automotive sector. The new unit raises the company's downstream steel capacity by 0.5 million tonnes per annum (MTPA) to 3.3 MTPA, with plans to reach 5 MTPA by year-end through two more lines.The company had committed an investment of Rs 85 billion in five galvanising lines at Hazira, of which around 85 per cent has already been utilised.AM/NS India stated that its new high-strength galvanised steel will replace imports, with ..

Next Story
Infrastructure Urban

MCD Clears Rs 11.5 Billion Projects Including Puzzle Parking

After a gap of over two years, the newly reinstated Standing Committee of the Municipal Corporation of Delhi (MCD) has approved a range of civic and infrastructure projects worth approximately Rs 11.5 billion. Among the key decisions is the construction of a multi-level puzzle parking facility at Bharat Darshan Park in west Delhi, costing Rs 316 million, which will accommodate 188 vehicles. The project will be executed within 12 months and includes 10 years of operation and maintenance by the implementing agency.Standing Committee Chairman Satya Sharma stated the parking, equipped with advance..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?