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Indian Express reported that the Indian government is planning to recommend a safeguard duty to contain imports of cheaper steel from abroad, especially from China.

The report said that the move has been planned to pacify domestic steel companies, who are campaigning against a surge in cheaper imports of both long and flat steel products from China flooding the local markets. Steel produced in other nations like Japan, South Korea, Ukraine is also finding its way into the country.

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BDI
1124
BCI
2342
BPI
829
BSI
1031
Source: DryShips.com
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20 Sep, 2014
USD
1.0000
AUD
1.1162
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2.3660
CAD
1.0954
CNY
6.1380
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0.7737
GBP
0.6064
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60.7998
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109.2069
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38.4681
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11.0909
Source: http://www.xe.com