Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
As former U.S. President Donald Trump reinstates tariffs on steel and aluminium imports, concerns are growing over the potential dumping of excess metal into India. Naveen Mathur, Director of Commodities at Anand Rathi, shared his insights on the issue, highlighting the possibility of surplus steel and aluminium from countries like China and South Korea being redirected to India.
“The U.S. tariffs limit export opportunities for major producers, prompting them to seek alternative markets. India, with its growing demand and relatively open trade policies, could become a prime target,” Mathur explained. He noted that increased imports could exert downward pressure on domestic prices, impacting Indian steel and aluminium manufacturers.
To counter this, Mathur suggested that the Indian government might need to consider protective measures, such as anti-dumping duties, to safeguard local industries. He also emphasized the importance of monitoring global trade dynamics to stay ahead of potential market disruptions.
Industry experts agree that India’s strategic positioning in the global metal market could expose it to risks of dumping but also present opportunities for sourcing cheaper raw materials. “It’s crucial to strike a balance between protecting domestic industries and leveraging global supply chains,” Mathur concluded.
As global markets react to Trump’s tariffs, India remains vigilant, assessing its trade policies to navigate the evolving landscape.
Also Read : Global Steel Output Drops 3.8% in May 2025 as China Leads Production Slowdown Lutnick Says Trump Sticking to US Aluminum-Steel Tariff Timeline
According to S&P Global Commodity Insights, cheaper iron ore and coking prices will lower billet...
Ferrous 03-May-2024
India’s coal sector investment is predicted to surge by almost 10% YoY to around $15 billion,...
Ferrous 10-Jun-2024
Indian imports of Russian coal have decreased while US shipments have surged in the three months end...
Ferrous 25-Jun-2024
In the midst of a storm of parliamentary elections and some planned maintenance shutdowns, India's f...
Ferrous 13-May-2024
China's National Bureau of Statistics (NBS) announced on July 15 that the country's pig iron, crude...
Ferrous 16-Jul-2024
According to Icra, domestic demand growth for non-ferrous metals like copper and aluminum is project...
Non-Ferrous 01-Apr-2024