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The Ministry of Steel has convened a stakeholders meeting this week to deliberate on the rising volume of steel imports, amid growing concerns from domestic producers over dumping and unfair pricing practices.
According to official sources, the meeting will bring together representatives from steel producers, importers, industry associations, and trade bodies to assess the challenges impacting India’s steel ecosystem. Discussions are expected to focus on import monitoring, anti-dumping measures, and policy interventions to protect the competitiveness of Indian manufacturers.
The move follows the Reserve Bank of India’s recent report, which warned that cheap steel imports from countries such as China, Vietnam, and South Korea are hurting domestic production margins. The ministry aims to develop a balanced policy framework that safeguards local producers while maintaining adequate supply for downstream industries.
Senior officials from the Ministry of Commerce, DGFT, and industry federations will also participate in the meeting to identify actionable steps for curbing dumping and promoting fair trade practices.
The consultation underscores the government’s commitment to strengthening India’s steel industry and ensuring sustainable, self-reliant growth amid global market volatility.
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