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June 4, 2025, 10:39 AM - 5 min read
US President Donald Trump will raise tariffs on most foreign steel and aluminium imports to 50 per cent from Wednesday, citing national security concerns. The move aims to protect domestic industry but risks raising costs for manufacturers and consumers amid warnings of possible global trade retaliation.
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April 8, 2025, 03:11 PM - 2 min read
India, the world’s second-largest producer of crude steel, has become a net importer of finished steel for the second year in a row, according to provisional government data reviewed by a news agency.
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April 1, 2025, 03:58 PM - 3 min read
India’s finished steel imports surged by 15.8 pc year-on-year to reach 8.98 million metric tonnes between April and February, according to provisional government data.
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March 20, 2025, 04:03 PM - 4 min read
The duty will be enforced for 200 days while a final determination is pending. India’s Directorate General of Trade Remedies (DGTR) has recommended a provisional safeguard duty of 12 per cent on steel imports coming in, including those coming in from China and Vietnam, “to eliminate the serious injury and threat thereof to the domestic industry”; signalling a major relief for India’s steel mills.
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November 19, 2024, 03:53 PM - 2 min read
Despite India being the world's second-largest steel producer, domestic players have consistently raised concerns over rising imports of cheap steel from select nations, which are affecting their competitiveness. In response, Union Steel Minister H. D. Kumaraswamy said on Tuesday that the government is working to address these issues.
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September 18, 2024, 03:42 PM - 2 min read
Union Minister for Heavy Industries and Steel HD Kumaraswamy acknowledged that tackling imports of steel was the “main issue" and efforts are also being made to strengthen the domestic alloy industry.
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