<ul data-eligibleForWebStory="false"><li>The Steel Ministry is investigating a ₹4,000-crore non-BIS steel trade involving countries like Japan, Korea, and China.</li><li>Importers were found making minor alterations in steel grades to bypass quality norms and import cheaper or substandard steel.</li><li>In FY24, 22% of non-BIS steel import applications were rejected, with the numbers rising to 25% in the first six months of FY25 due to heightened vigilance.</li><li>The Ministry relaxed Quality Control regulations temporarily for MSMEs with pre-placed orders, allowing exemptions if steel products are loaded/shipped before July 15, 2025.</li></ul>

Steel Ministry probes ₹4,000-cr non-BIS steel trade; Japan, Korea, China under lens

Discover more