US Tariffs to Drive Cheap Chinese Steel into India, Warn Industry Experts

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US Tariffs to Drive Cheap Chinese Steel into India, Warn Industry Experts

US 05 Mar 2025 10:44 AM IST Live Mint

Cheap Chinese Steel Influx: US tariffs on Chinese steel may redirect surplus supply to India, increasing low-cost imports.
Threat to Domestic Industry: Indian steelmakers fear price pressures, reduced margins, and competitiveness challenges.
Call for Policy Action: Industry experts urge the government to impose safeguard measures like higher import duties to protect local producers.

Industry experts have raised concerns that the latest US tariff measures could turn India into a dumping ground for cheaper Chinese steel. With the US imposing higher tariffs on Chinese steel imports, surplus production from China is expected to seek alternative markets, and India could become a key target.

According to industry leaders, this influx of low-cost Chinese steel may severely impact domestic manufacturers, who are already struggling with fluctuating demand and price volatility. Indian steelmakers fear that a flood of imports could undermine local production and hurt profit margins, forcing them to push for protective measures such as higher import duties or anti-dumping policies.

"With the US closing its doors to Chinese steel, India could see an unchecked rise in cheap imports, which could destabilize the domestic market," said an industry executive.

Experts suggest that the government needs to act swiftly, either by tightening import restrictions or by offering policy support to Indian steelmakers to maintain fair competition. If left unchecked, the increased flow of Chinese steel could negatively affect investment in India’s steel sector and slow down the industry's long-term growth.

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