Important Facts For Prelims
Steel Import Monitoring System
- 17 Sep 2019
- 1 min read
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.
