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
Tata Steel’s CEO, T.V. Narendran, has called for urgent government intervention to curb rising steel imports that threaten India’s domestic industry. Speaking at a press conference, Narendran highlighted the surge in low-cost imports from countries like China, South Korea, and Japan, which are affecting the competitiveness of Indian steel producers.
“The influx of cheap imports is putting immense pressure on domestic manufacturers, impacting profitability and market share,” Narendran stated. He urged the Indian government to implement protective measures such as anti-dumping duties and stricter trade regulations to safeguard the local industry.
Narendran also emphasized the need for long-term policies to strengthen the domestic steel sector, including investment in infrastructure and technology upgrades. “India’s steel industry is vital to economic growth and self-reliance. It’s crucial to ensure a level playing field for domestic players,” he added.
Industry analysts support Narendran’s call for action, warning that unchecked imports could disrupt the Indian market and slow down capacity expansion plans. They suggest that strategic trade policies are needed to maintain a healthy demand-supply balance.
As global trade dynamics shift, Tata Steel and other Indian producers are closely monitoring import trends. The call for government intervention reflects growing concerns about maintaining the competitiveness of India’s steel industry in an increasingly globalized market.
Also Read : India Logs Net Steel Imports in FY25, Raising Industry Concerns India Proposes 12% Temporary Tax on Certain Steel Products
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