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✅ Domestic steel prices rise by ₹2,000–₹3,000/MT due to strong demand and higher costs.
✅ Trade war fears raise concerns over export disruptions and supply chain issues.
✅ Govt may impose tariffs to protect local producers from trade fallout.
Domestic steel prices have climbed steadily in recent weeks, but concerns are growing over the potential fallout from escalating global trade tensions. Rising protectionist measures in key markets, including the United States and the European Union, have heightened uncertainty for Indian steelmakers.
According to industry sources, domestic steel prices have increased by approximately ₹2,000–₹3,000 per metric ton over the past month. Strong domestic demand and higher input costs have contributed to this rise. However, the looming threat of a global trade war could disrupt supply chains and affect export volumes.
"The domestic market remains strong, but trade tensions could lead to retaliatory tariffs and tighter market access, impacting overall profitability," said an industry analyst. The Indian government is reportedly considering measures to shield local producers, including potential tariffs on imports to maintain market stability.
Major steel producers such as Tata Steel and JSW Steel have posted gains amid the price rise, but uncertainty remains over how long this upward trend will last if global trade tensions escalate.
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