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
Indian steel and aluminium exporters remain under pressure as the United States continues to impose steep tariffs under Section 232, impacting trade volumes and competitiveness. Despite ongoing diplomatic discussions, the US has not lifted the 25% duty on steel and 10% on aluminium imports from India, a policy introduced in 2018 under national security concerns.
Industry insiders report that these tariffs have significantly reduced India’s market share in the US, pushing domestic producers to seek alternative markets. Export volumes remain below pre-tariff levels, affecting both large and small manufacturers.
While India had imposed retaliatory tariffs on select US goods, those were withdrawn after both nations agreed to resolve six long-standing trade disputes at the World Trade Organization (WTO) in 2023. However, the US duties on metals remain intact, leaving Indian exporters at a disadvantage compared to competitors like South Korea and Mexico, who enjoy tariff exemptions.
The industry continues to urge the Indian government to press for full tariff relief in future negotiations, emphasizing that continued duties risk undermining India’s manufacturing competitiveness on a global scale.
Also Read : Steel Wars: EU Steelmakers slam U.S. retaining 50% tariffs. US Conditions Steel Tariff Relief on EU Digital Reforms
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