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This is a temporary tariff intended to curb the increasing imports of cheap steel from countries like China in order to protect the domestic industry.

As India’s largest stock exchange heads to the public markets, it may need to rethink its excessive reliance on transaction revenue.
The JSW Steel founder is embarking on an unprecedented expansion, betting on Japan’s JFE and Korea’s POSCO to share the load. But rivalries, debt and market risks could complicate the plan.
April data suggests the slide may be moderating, even as the UAE accelerates moves to derisk its future.