‘Repeal proposed Quality Control Order for steel imports’
Government should repeal the proposed Quality Control Order with regard to steel imports else it would adversely impact India's international trade relations, an industry body has said.
Under the proposed Steel and Steel Products (Quality Control) Order, 2015, <g data-gr-id="11">government</g> is set to bring several steel products under a mandatory Bureau of Indian Standards (BIS) registration.
In its letter to the Steel Ministry, the Federation of Industries of India (FII) has said that Quality Control Order is nothing but an effort to create barrier to stop import of Hot Rolled (HR) Coil steel essentially required to bridge the gap between industry's demand and supply by domestic steel producers.
"...the proposed Quality Control Order, 2015, if not withdrawn by the Steel Ministry, would have a massive adverse impact on our international trade relations as no foreign country or their companies, would go for cumbersome BIS registration procedure for the sake of exporting small quantities of steel, occasionally to a few engineering companies in India," FII said in the letter. It said the Control Order would dent relations with countries like Korea and Japan.