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Home > All news > Railways, Report & Analysis > Indian steel industry braces for impact of Chinese dumping amid US tariff threats

Indian steel industry braces for impact of Chinese dumping amid US tariff threats

November 29, 2024
Reading Time: 2 minutes
"India's April-December finished steel imports touch at least six-year high "

New Delhi - India’s steelmakers are bracing for an increase in Chinese “dumping”. Steelmakers feel Donald Trump’s ascendancy to the White House could lead to a series of retaliatory tariffs on steel and finished steel products. This, in turn, could lead to China diverting exports to other large markets, including India.

The industry feels that they have no “protection” from the Indian government and would hence suffer a “severe impact”.

According to Naveen Jindal, President of, Indian Steel Association (ISA), China may reduce its steel exports to the US, “potentially redirecting surplus . . .

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Disclaimer: This information has been collected through secondary research and Daily Shipping Times is not responsible for any errors in the same.

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