The steel industry is celebrating the import duty cuts and ongoing infrastructure development in Budget 2024. This move has been welcomed by stakeholders in the steel sector. The reduction in import duties will help boost domestic production and make Indian steel more competitive in the global market. The continued focus on infrastructure development will create more demand for steel, further benefiting the industry. Overall, the budget announcements have been well-received by the steel industry, setting a positive tone for growth and development in the sector.