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Indian industry braces for flood of Chinese steel following US tariff hike

US trade deficit with China is $375 bn, or 46% of its total; If Trump forces his way, China could look at markets such as India to offload its products

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US President Donald Trump's continuing rhetoric over hiking import duties on steel and aluminium products has had Indian industry worried. Steel makers in the country are gearing up to meet a possibile fallout of Trump's impending decision -- the flooding of the Indian market with Chinese steel. Indian exports of steel and aluminium to the US remain low within the bouquet of total merchandise exports. While Indias steel exports to the US stood at only $330 million, a fraction of total exports to the US, export of finished steel products were $1.23 billion in 2016-17. Total ...