SOS of the Indian steel manufacturers to the government: intervene against Trump’s tariffs

A lobby of Indian steel manufacturers has urged the Indian government to intervene after the president of the United States, Donald Trump, announced plans to raise additional taxes on steel and aluminum imported to the country.

The Indian Steel Association (ISA) “urges the Indian government to take urgent diplomatic measures to boost the elimination of anti -dumping duties (ADD) and compensatory tasks (CVD) and” the safe exemptions of restrictive measures “by of the United States.

As of Monday, Trump has promised to impose 25% tariffs on the importation of steel and aluminum to the United States. The measure can create an excess of metal supply in the international market, resulting in a greater discharge in India, which indirectly hurts Indian producers, Jindal said.

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“The Indian Steel association expresses a deep concern about the United States’s decision to impose tariffs on steel imports, a movement that will even more interrupt global trade and intensify the challenges for the steel industry,” Jindal said in a statement in a statement Press Monday night in India.

The United States is an important steel importer. Despite this, he has historically imposed strict commercial restrictions, with more than 30 corrective actions in force against Indian steel, some for more than three decades, Jindal said.

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Without a doubt, the direct export of steel from India to the United States is insignificant. Indian steel shipments of 233,000 tons accounted for less than 1% of the United States steel imports of 24.6 million tons in the last 12 months, show data from the United States Department of Commerce. This is due to the measures of long -standing ADD and CVDs imposed by the United States, Jindal said.

However, the last rate can reduce steel exports to the US.

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“With the United States closing its doors to global steel, the surplus will inevitably be redirected to India, threatening our national industry with market distortions, price accidents and unfair competition,” Jindal said.

Indian steel factories have been crying for the growing imports of alloy to the country. They have claimed that many countries, especially China, have been throwing metal into the country at predatory prices, harming the national industry.

After an ISA complaint, New Delhi has initiated an investigation into steel imports to determine if you can impose some safeguard service compatible with the organization of world trade on incoming shipments.

India’s steel imports grew 22% in 2024 compared to the year before 9.2 million tons, led by an increase in imports from China and Japan. Although the volume of imports is small compared to the annual demand for steel of India of around 140 million tons, economic imports are interrupting the prices of national steel factories, which claim that current price levels do not They can maintain continuous investment in the expansion of capacity.

National steel prices have dropped to a minimum of four years. Steel hot reference coils (HRC) cost an average ₹46,567 per ton in January, 14% less year -on -year, according to Bigmint data, a market intelligence firm.