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Tata Steel's Managing Director, T.V. Narendran, has called for the Indian government to impose safeguard duties on steel imports to protect the domestic industry from the indirect effects of recent U.S. tariff hikes. Speaking at the Nasscom Technology & Leadership Forum 2025 in Mumbai, Narendran emphasized that while India's direct steel exports to the U.S. are limited, the global redistribution of steel—resulting from U.S. tariffs—could adversely impact India's market.
Narendran highlighted that several countries have already taken protective measures in response to the U.S. tariffs. For instance, Vietnam has imposed anti-dumping duties on Chinese steel imports, and South Korea has implemented similar actions. He stressed the urgency for India to consider comparable safeguards to shield its steel sector from potential market distortions.
The Indian Steel Association has formally requested the government to implement safeguard duties, noting that these can be enacted more swiftly than anti-dumping measures. Narendran cautioned that delays in protective actions could disrupt investment plans and affect capital expenditures within the industry.
This appeal comes in the wake of U.S. President Donald Trump's recent decision to reintroduce a 25% import tax on steel and aluminum, removing previous exemptions for certain countries. The global steel market is experiencing increased volatility due to these policy shifts, prompting industry leaders like Narendran to advocate for proactive measures to safeguard domestic interests.
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