[Ferro-Alloys.com] Indian government on Monday launched a Steel Import Monitoring System (SIMS) in New Delhi, an official statement said.
The system has been developed on the pattern of U.S. Steel Import Monitoring and Analysis (SIMA) system.
According to the statement, the SIMS will provide advance information about steel imports to government and stake-holders including, steel industry (producers), steel consumers (importers) to have effective policy interventions.
In this system, the importers of specified steel products will register in advance on the web portal of SIMS providing the necessary information. The registration will be online, automatic and no human intervention is required for this.
The SIMS will be effective from Nov. 1 and the facility of the online registration will be available with effect from Sept. 16. (Xinhua)