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Indian steel manufacturers have raised alarms over the rising influx of low-cost steel imports, warning that it is eroding profit margins and threatening the stability of domestic producers. The warning comes ahead of the Ministry of Steel’s stakeholder review meeting, which will address concerns surrounding dumping and import monitoring.
Industry officials stated that imports from China, Vietnam, and South Korea have surged in recent months, with several products being priced below domestic production costs. This has led to significant price pressure across the flat and long steel segments.
Large integrated players such as Tata Steel, JSW Steel, and SAIL, along with secondary producers, have urged the government to impose anti-dumping duties and safeguard measures to protect the market from unfair competition.
Analysts noted that while domestic demand remains strong, excessive imports could impact capacity utilization and investment plans. The government is expected to discuss trade remedies and policy revisions during the meeting.
The issue underscores India’s ongoing challenge of balancing open trade policies with the need to safeguard its steel industry’s competitiveness amid global price volatility.
Also Read : JSW Steel and JFE to Boost India's CRGO Steel Capacity with $669 Million Investment India Launches Probe into Cheap Stainless Steel Imports from China, Indonesia, Vietnam
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