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 exempted from 26% US tariffs, easing pressure on steel exporters
✅ Relief for MSMEs and manufacturers in value-added steel and aluminium
✅ Exemption stabilizes global trade confidence and preserves export volumes
India’s steel industry breathed a sigh of relief as the United States announced an exemption for Indian steel and aluminium exports from its newly imposed 25–26% tariffs. The exemption, confirmed in a revised White House document, provides crucial relief for Indian exporters, especially MSMEs and value-added manufacturers who faced the threat of margin pressure, reduced global competitiveness, and potential market exits.
The initial announcement of sweeping tariffs under Section 232 sparked fears of trade disruption and dumping from other countries. However, after diplomatic engagement and consideration of strategic trade ties, the US revised its policy to exclude India from the latest round of duties. This move is expected to stabilise India’s export momentum and restore confidence among stakeholders in the metal trade ecosystem.
Industry leaders welcomed the decision, calling it a “pragmatic course correction” that preserves bilateral trade flows and helps Indian manufacturers stay globally competitive.
Also Read : Industry seeks policy support amid global trade tensions. EU prepares 25% counter-tariffs on US goods in response to trade tensions
Adani Green Energy Ltd (AGEL) on Wednesday announced commissioning of 551 MW solar capacity at Khavd...
Large Corporate 14-Feb-2024
After a year of negotiations, the US government has warned Mexico to address the growth of steel and...
US 22-Feb-2024
Baosteel, one of the world's leading steel manufacturers, is reportedly in ongoing discussions regar...
China 01-Sep-2025
Union Minister for Road Transport and Highways Nitin Gadkari Inaugurated and laid the foundation sto...
Announcement 23-Feb-2024
Jaydeep Steelwork India Pvt Ltd has signed an MoU with the Maharashtra government to set up an integ...
India 20-Sep-2025
India’s metal sector is heading into Q4FY26 with stronger momentum as rising steel price...
Business 08-Apr-2026