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Tata Steel sees easing import pressure, revives investment outlook
Dumping from China continues to threaten market balance
Industry urges vigilance to sustain domestic competitiveness
TV Narendran, Managing Director of Tata Steel, stated that the steel import situation in India has improved compared to three or four months ago. With the pressure easing, the company is more confident in resuming its investment and capacity expansion plans.
Narendran noted that while steel imports are less of a concern at the moment, the threat of dumping — particularly from China — continues to pose significant challenges for domestic producers. The aggressive pricing of Chinese steel, amidst tariff uncertainty, has been undercutting Indian prices by up to 12%, disrupting fair market competition.
"Imports are less problematic than they were earlier this year. This gives us space to go ahead with our planned investments. But Chinese dumping remains a key area of concern and must be watched closely," Narendran emphasized during an industry interaction.
This sentiment aligns with the broader steel sector's call for stronger anti-dumping measures and strategic planning to protect local manufacturers. With India remaining a net importer of finished steel in FY24-25, policymakers and industry leaders are urging the government to monitor and regulate unfair trade practices more closely.
Tata Steel’s recalibrated approach suggests optimism about domestic market resilience, provided regulatory frameworks remain vigilant against dumping and price distortions from international players.
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