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Indian steelmakers are urging a pivot toward higher-value finished goods and components that face lower import duties in key markets, as they contend with tariff headwinds abroad and price pressure at home.
Industry representatives noted that recent U.S. duty hikes to 50% on certain Indian steel products, possible additional EU measures, and cheaper Chinese inflows have squeezed margins and utilisation. While anti-dumping probes and safeguard actions help, they said faster, broader reforms are needed—especially to protect small and mid-sized mills.
Proponents argue that converting base steel into precision components can lower buyers’ landed costs and open doors despite tariff barriers. “By moving from commodity tonnes to engineered solutions, India can win on value, not just volume,” said Dhirendra Sankhla, Director at Mother India Forming (MIF), pointing to cold-rolled and other value-added items that draw lower duties.
India produced 149.4 million tonnes of crude steel in 2024, remaining the world’s No. 2 producer. The industry says that scale can underpin a shift up the value chain if policy support, export incentives and financing for processing, fabrication and certification are aligned.
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