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India seeks to curb auto-grade steel imports to encourage local production

Automakers are worried such restrictions could hurt operations

India's steel ministry had last year announced stricter rules for high-grade steel carmakers sourced from South Korea and Japan, according to a Reuters report.   © Reuters

MUMBAI (NewsRise) -- India plans to curb the import of high-quality auto-grade steel in a bid to push local manufacturing of the alloy, a move that raises concerns such restrictions could disrupt the local automobile industry.

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