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✔️ Steel Secretary expects minimal impact from global tariffs.
✔️ Indian steel exports account for less than 6% of production.
✔️ Strong domestic demand and government policies to drive stability.
India’s steel industry is expected to face minimal impact from the recent imposition of steel import duties by several countries, according to the Steel Secretary. He highlighted that India's strong domestic demand and limited dependence on exports to tariff-affected markets will shield the sector from significant disruption.
“The global steel market remains volatile, but India’s steel companies are well-positioned to absorb these shocks due to strong infrastructure-driven demand at home,” the Steel Secretary stated.
India’s steel exports account for less than 6% of the total production, with most shipments directed to Southeast Asia and the Middle East rather than the US and Europe, where tariffs have been imposed. The Secretary noted that strategic government policies, such as enhanced domestic consumption and infrastructure investments, will further bolster the industry’s resilience.
Despite global headwinds, Indian steelmakers like JSW Steel and Tata Steel have reported stable production and profit margins, reflecting the strength of the domestic market.
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