S&P 500 — US Large Cap Index
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IPC Index — Mexico MarketThe government of India has relaxed import restrictions on stainless steel, allowing the sale of certain products made from BIS non-compliant steel until December 31, according to The Economic Times. This relaxation has been extended due to inadequate domestic production of these grades. The government has implemented several measures to curb imports and protect the competitiveness of the domestic steel industry. Steelmakers have urged the government to take further measures to check rising imports from select countries, including China, which produced 746.3 MT of crude steel in the January–September period, over six times India’s domestic output. According to the World Steel Association, India produced 122.4 MT of crude steel during the same period. In September alone, China produced 73.5 MT of crude steel, over five times India’s 13.6 MT domestic output.
