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A surge of low-priced steel imports is forcing many smaller Indian mills to cut output or shut, threatening capacity-addition plans, according to Steel Secretary Sandeep Poundrik. He said about 150 mills have halted operations and another 50 have reduced production as domestic prices hover near five-year lows.
Officials cite global oversupply—particularly from China—and weak international prices as key pressures, even as India’s consumption is supported by infrastructure demand. Nearly half of India’s steel output comes from a fragmented base of small and mid-sized producers now under strain from discounted imports.
To stabilise the market, the government has imposed a 12% provisional safeguard duty on a broad basket of steel products. The levy expires this week, and trade authorities have recommended extending it for three years to protect domestic manufacturers while longer-term competitiveness measures take effect.
Poundrik added that persistent price weakness could complicate investment needs of roughly $100 billion to add ~100 million tonnes of capacity over the next decade. Authorities are stepping up quality checks to curb substandard inflows and weighing additional steps to support mills’ viability.
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