Maharashtra clears 937 hectares for Gadchiroli steel expansion Steel stock surges 29% in just two days Steel output rises 14% to 9.25 MT Infrastructure boom fuels India’s steel consumption
India’s steel imports are set to decline by 50% in FY26, as the government plans to introduce safeguard measures to protect the domestic industry. Experts believe that higher tariffs, stricter quality checks, and import monitoring will significantly reduce the inflow of cheap steel, particularly from China and Southeast Asia.
India imported 7.2 million tonnes of steel in FY25, with nearly 40% coming from China. With the proposed measures, imports are expected to drop to 3.5–4 million tonnes in FY26. The government is considering a 12% temporary import tax and tighter certification norms to curb low-cost steel entering the market.
This move aims to stabilize domestic steel prices, which have been under pressure due to excessive imports. Despite strong demand from infrastructure and auto sectors, Indian steelmakers have struggled with low margins. Analysts believe that cutting imports will boost local production and profitability, strengthening the domestic market.
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