India sets new steel quality standards; auto-grade imports exempt for 6 months

A worker cuts a steel rod inside a steel factory on the outskirts of Jammu January 12, 2015. REUTERS/Mukesh Gupta/Files

India imposed quality standards on steel products sold in the country on Thursday, but delayed bringing auto-grade steel imported by car makers under the ambit of the new order by six months.

Indian car makers import about 1 million tonnes of high-tensile steel annually, mainly from Japan and South Korea, and had sought an extension to avoid disruption in production.

Quality standards for all steel products, except auto-grade steel, will come into effect on March 18.

India was expected to delay the implementation of quality standards on auto-grade steel imports, Reuters reported on Wednesday.

[Source:- Reuters]