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The Economic Times

Economy / The Economic Times

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Steel Ministry mandates melt and pour to tighten domestic procurement policy

The Steel Ministry has introduced a melt-and-pour clause for domestic steel procurement. This policy tightens rules for suppliers participating in government tenders. It ensures that procured steel meets specific incentive program compliance standards. Sector watchers believe this benefits domestic steel makers significantly. Micro, small, and medium enterprises may face margin constraints due to import curbs.

18 Aug 2026 5:07 pm