Steel Import Monitoring System | 17 Sep 2019

Recently, the Ministry of Commerce & Industry has launched the Steel Import Monitoring System (SIMS).

This was launched in the background of India becoming a favourite dumping ground for steelmakers from not just China but also from Japan and South Korea, which threatened the domestic steel industry of the country.
SIMS will provide advance information about steel imports to various stakeholders including producers and importers
Importers of specified steel products will register in advance on the web portal of SIMS providing the necessary information.
The information about the steel imports provided by importers on the SIMS will be monitored by the Steel Ministry.