UK steel users warn of higher costs South Korea seeks EU steel tariff relief Vale sees strong long-term iron ore demand India rejects steel overcapacity allegations
India's Directorate General of Trade Remedies (DGTR) has dismissed allegations that the country's steel sector suffers from excess production capacity, emphasizing that domestic output is aligned with India's development needs and growing consumption demand. Trade officials argued that India's per capita steel consumption remains significantly below the global average, indicating substantial room for future growth.
The statement comes amid scrutiny from the United States under a Section 301 investigation that raised concerns about structural overcapacity in several industries, including steel. DGTR officials countered that India's steel production should be viewed in the context of its large population, expanding infrastructure requirements, and ongoing industrialization rather than absolute production volumes.
India is currently the world's second-largest steel producer, yet its per capita steel consumption remains well below that of many developed economies and major manufacturing nations. Industry stakeholders maintain that rising investments in infrastructure, housing, transportation, and manufacturing will continue to drive steel demand over the coming years.The government's position reinforces its commitment to supporting domestic manufacturing growth while challenging claims that Indian steel production creates unfair market conditions. The issue is expected to remain part of broader trade discussions between India and the United States as both countries continue negotiations on economic and market access matters.
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