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✅ Indian steel firms analyzing US tariff impact on exports
✅ Government mulls reciprocal duties to protect local industry
✅ Exporters explore alternative markets amid rising trade tensions
In response to the US government’s imposition of a 26% tariff on Indian steel and aluminium exports, major Indian steel companies are now closely evaluating the potential implications of reciprocal trade measures. Industry sources confirm that internal assessments are underway to understand the long-term impact on export volumes, supply chains, and pricing strategies.
The United States had previously extended duty exemptions under the Generalized System of Preferences (GSP) for several Indian products. However, the new tariff measures, framed under Section 232 for national security reasons, are reshaping trade dynamics. In light of this, India is considering a calibrated response that could affect US-based imports into India, particularly those with competing domestic alternatives.
Steel majors such as JSW, Tata Steel, and Jindal Steel & Power are in discussions with the Ministry of Commerce to gauge trade policy direction. Additionally, industry associations are lobbying for relief or alternative export routes, especially as MSME exporters are expected to bear the brunt of reduced competitiveness and squeezed margins.
Experts believe this move could also trigger regional trade shifts, with Indian steelmakers exploring other markets like Southeast Asia, Africa, and the Middle East to offset losses in the US.
Also Read : India’s Steel Imports Increasingly Reliant on a Few Countries India considers proposal mandating premium and high-end car manufacturers to use 'green steel'
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