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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.

Source:PIB

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