The Global Trade Research Initiative (GTRI) report also claimed that the commerce ministry's ongoing safeguard investigation into alleged jump in imports of certain steel products suffers from "several" technical weaknesses such as focus on products with minimal import surges, and inappropriate use of global safeguards.The report stressed that any new measures should be based on a clear understanding of the implications of existing measures for the industry and broader economy. "Conduct a study on state of steel industry in India and assess the impact of proposed and existing import measures on resulting higher costs, economic growth and jobs," GTRI Founder Ajay Srivastava said.He said the current system comprising Quality Control Orders, Steel Import Monitoring System, and NOC requirements is "overly" complex and inefficient.

Overall assessment of steel industry key before safeguard duty: GTRI

455,1234,1074,158,3125,4661

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{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 88 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.