Chinese steel traders seek delay of new rebar standards

Chinese steel traders are requesting a delay in the implementation of new rebar standards in India. They argue that the stringent requirements, set to take effect from October 2024, could disrupt their operations and lead to higher costs. The traders, including prominent Chinese companies, claim they need more time to adapt to the new regulations and ensure compliance. They have urged the Indian government to reconsider the timeline, emphasizing that a delay would help mitigate potential economic impacts and avoid disruptions in the steel supply chain.