Breaking News

Maharashtra clears 937 hectares for Gadchiroli steel expansion Steel stock surges 29% in just two days Steel output rises 14% to 9.25 MT Infrastructure boom fuels India’s steel consumption

Donald Trump's 25% Tariffs on Steel and Aluminum Imports Take Effect: Impact on India

189612_1741761548_small.jpg
USA 12 Mar 2025 12:09 PM IST Times of India

New Delhi, India – Former U.S. President Donald Trump's decision to impose 25% tariffs on steel and 10% tariffs on aluminum imports has officially taken effect, raising concerns over its potential impact on India’s steel and aluminum trade.

Key Details:

  • The tariffs, aimed at protecting American manufacturers, could disrupt global trade flows and impact India’s steel and aluminum exports to the U.S.
  • Indian steel and aluminum producers may face increased competition and reduced profitability due to higher costs and decreased demand in the U.S. market.
  • The U.S. imported approximately $600 million worth of steel and $350 million worth of aluminum from India in the last fiscal year.

Market Impact:

  • Indian steelmakers like Tata Steel, JSW Steel, and SAIL may shift their focus toward domestic and alternative international markets.
  • Aluminum producers like Hindalco are expected to explore cost-cutting measures and strategic realignments.
  • The tariffs could also impact global steel prices, potentially leading to increased volatility.

Also Read : Biden pauses LNG export approvals after pressure from climate activists Biden Offers $1.5 Billion Loan to Restart Michigan Nuclear Power Plant

Related News

721882_1742625735_small.jpg

India Pushes Green Steel Production to Cut Carbon Footprint: Minister

✅ India promotes green steel to cut carbon emissions.✅ Govt encourages hydrogen-based steel and re...

Business 22-Mar-2025
683156_1711089495_small.jpg

NMDC exploring lithium assets in Africa and Australia

Indian iron ore miner NMDC Ltd is exploring lithium assets in Africa and Australia, a source wi...

Raw Material 22-Mar-2024
60693_1710235401_small.png

Aluminium futures fall on low demand

Aluminium prices on Monday declined by 0.17% to ₹202.20 per kilogram in the futures market as partic...

Non-Ferrous 12-Mar-2024
402983_1745558519_small.jpg

Odisha CM Majhi to Lead State Delegation at India Steel 2025 in Mumbai

Odisha to pitch investment and policy strengths at India Steel 2025. CM Majhi to personally lead th...

Business 25-Apr-2025
777861_1708497608_small.png

Gerdau Mexico partners with Harsco for scrap metal services

Gerdau Mexico has partnered with Harsco Environmental for a seven-year scrap metal service term, aim...

Latin America 21-Feb-2024
436462_1704892849_small.jpeg

CapitaLand plans to develop renewable energy as a standalone biz in India

Having made its name in real estate assets, Singapore-headquartered CapitaLand Investment Ltd is ser...

Renewables 10-Jan-2024