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India Faces Steel, Aluminium Dumping Risk Amid US Tariff Shifts

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Business 04 Apr 2025 10:53 AM IST Economic Times

✅ India faces risks of steel and aluminium dumping due to US tariff changes.
✅ Industry calls for protective measures to shield domestic manufacturers.
✅ Government may consider trade actions to curb excess supply inflows.

India’s steel and aluminium industries face heightened risks of dumping as the United States enforces new tariffs on imports. With the US raising tariffs on key metal products, global steel and aluminium exporters may redirect their surplus to India, increasing competitive pressure on domestic manufacturers.

Industry experts warn that excess supply from countries affected by the US tariffs—such as China and other Asian exporters—could flood the Indian market at lower prices. This could strain local producers, forcing them to lower prices or face potential losses. The Indian government is closely monitoring trade flows and may consider anti-dumping measures or import duties to safeguard the domestic sector.

Major steelmakers have urged policymakers to impose countermeasures to prevent market distortions. Meanwhile, analysts predict that the increased inflow of cheap imports could also impact India’s pricing dynamics, affecting profitability for domestic producers. The government is expected to assess the situation and take necessary actions to ensure a level playing field for Indian manufacturers.