Steel Imports

India considering added tariff on steel to curb cheaper Chinese imports

The Indian government had in April imposed a 12 per cent temporary tariff for 200 days that lapsed earlier this month

India's finished steel imports in April-October down 34%, shows govt data

India, the world's second-biggest crude steel producer, imported 3.8 million metric tons of finished steel during April-October and was a net importer of the alloy, the data showed

Govt eases steel imports, launches SARAL SIMS and extends key exemptions

The Steel Ministry has eased import procedures by removing NOC requirements for non-QCO grades, extending multiple exemptions to March 2026 and launching SARAL SIMS to simplify registration for MSMEs

India imposes anti-dumping duty on Vietnam steel imports for 5 years

Move will curb unfair trade practices and safeguard national capacity, says Jindal

Chinese steel may be entering India via Nepal illegally, raising concerns

EU urged to recognise domestic carbon costs as CBAM nears; SIMS easing and policy changes underway

Steel makers urge govt for stronger measures to curb rising imports

Steel makers have urged the government for more measures to check rising imports from select group of countries including China which has produced 746.3 MT of crude steel in January-September period, over six-fold of the domestic output. As per global body World Steel Association (worldsteel), India has produced 122.4 MT of crude steel in January-September. While in September alone China has produced 73.5 MT of crude steel, over 5-fold higher from 13.6 MT of domestic production. As per market data, stainless steel is also unable to reach 100 per cent capacity utilisation of the total installed capacity of 7.5 million tonnes. It remains around 60 per cent only due to impact of imports. The government has taken several measures to curb the imports to protect the competitiveness of domestic steel industry. Over the past few years, the Ministry of Steel has come up with more than 100 quality control orders (QCOs) which refrain from non-BIS compliant steel products to enter the Indian .

Steel industry flags price pressure from cheap imports ahead of key meet

Indian steel producers are raising concerns over subsidised imports from China, Vietnam and South Korea, saying low-priced inflows are dragging domestic prices

Steel prices hit 5 yr low; weak trend may persist in near term: BigMint

Domestic steel prices have slumped to a five-year low, trading in the range of Rs 47,000-?48,000 per tonne impacted by multiple factors, including surging imports, as per market data from BigMint. Hot rolled coil (HRC) prices are hovering around Rs 47,150 per tonne, while re-bar (TMT) is quoted in the range of Rs 46,500-47,000 per tonne in the wholesale market. The last time prices were at such levels was in 2020, when HRC was trading at Rs 46,000/tonne levels and rebar at Rs 45,000/tonne amid the pandemic slowdown. The current decline is largely attributed to weak export demand, rising imports, and an oversupply in the global market. India's steel exports have fallen sharply, pressured by aggressive export pushes from countries like China, while imports are still active, despite several measures introduced by the government. Falling prices amid rising imports is a matter of concern as inbound shipments are increasing despite several measures introduced by the government. Taking

RBI warns cheap steel imports, dumping threaten India's domestic producers

India's steel imports rose 22 per cent in 2023-24 due to cheaper global prices, but growth slowed in the second half of 2024-25 after safeguard duties were imposed to curb dumping

EU steel duty plan: A double whammy ahead for Indian steelmakers in 2026?

The EU's plan to halve import quotas and impose a 50 per cent tariff, combined with CBAM rollout, could deliver a double blow to Indian steelmakers next year

India was net importer of finished steel in September, govt data shows

India exported 0.58 million metric tonnes of finished steel in September, up 47.6 per cent on the year, according to the data

Safeguard duty on steel: More than a safety net, but is it enough?

Can the safeguard duty on steel be more than a safety net, and is it enough when other countries are also stepping up to protect their interests?

DGTR suggests safeguard duty on imports of some steel items for 3 years

The commerce ministry's arm, DGTR, has recommended final imposition of a safeguard duty on imports of certain flat steel products for three years to protect domestic manufacturers from sudden jump in the inbound shipments. The duty was recommended by the directorate general of trade remedies (DGTR) in its final findings of a probe initiated on a complaint by the Indian Steel Association. Based on the preliminary findings, the government in April has already imposed a provisional 12 per cent safeguard duty for 200 days. Now in its final findings, the DGTR has concluded "that there is a recent, sudden, sharp and significant increase in imports of PUC (product under consideration) into India at the cumulative level as a result of unforeseen developments...and threaten to cause serious injury to the domestic industry/producers," the DGTR has said in a notification. It has recommended a 12 per cent duty in the first year, 11.5 per cent in the second, and 11 per cent in the third year.

Steel ministry defers quality rules on imports amid importer concerns

India's steel ministry has delayed BIS certification rules on steel imports by four months, offering relief to importers facing compliance hurdles and protecting in-transit shipments from disruption

Apr-May finished steel imports fall 27.6% as China, Japan shipments decline

India was a net importer of finished steel during the period, with exports falling 18.1 per cent year-on-year to 0.8 million metric tonnes

Jindal seeks duties on steel imports to shield MSMEs, boost Make in India

Jindal Stainless Chairman Ratan Jindal on Wednesday urged the government to protect the industry and livelihood of people by imposing appropriate duties on surging imports from select countries. The industry leader made the remarks while addressing the Global Stainless Steel Summit (2025) in Mumbai. "Today, low-priced imports from China and Vietnam persist across numerous industries, including stainless steel. In this context, it is essential that we collectively take a stand to protect our industry, particularly MSMEs, and the livelihood of our people, by imposing appropriate duties on these countries. I request the government's continuous support in this regard," he said while addressing the gathering. Jindal said many countries with excess production disrupt the level-playing field, particularly for the MSME sector. They divert surplus stainless steel through nations with free trade agreements with India or through ASEAN countries like Vietnam. "We have all witnessed how Indian

US tariffs on steel, aluminium to have minor impact on India, says minister

Steel and Heavy Industries Minister HD Kumaraswamy's reaction comes even as industry leaders have raised concerns about potential trade diversions due to Trump tariffs

India's finished steel imports fall 11.3% in Apr on slower China shipments

Finished steel shipments from China fell to 0.1 million metric tons in April, down 26.5 per cent from a year ago

Govt protecting local steel players from dumping, low prices: Piyush Goyal

India is poised to contribute significantly to global steel demand, Union Minister Piyush Goyal said on Friday while emphasising that the government has been able to protect the domestic steel industry from unfair dumping and irrationally low pricing. Speaking on the sidelines of the Steel India 2025 event here, jointly hosted by the Ministry of Steel and industry body Ficci, Goyal also said both exporters and the MSME sector will continue to get steel at international prices. "India is consistently focused on self-reliance (Atmanirbharta). But when we talk about Atmanirbharta, we are not closing the doors to the world. We are in fact opening the doors wider because every country will have its competitive advantages for different products," he said. The Indian steel industry is a very highly efficient and cost-effective, high-quality producer, the Union Commerce and Industry Minister said. "Therefore we believe that this is one sector where we will not only meet the growing needs o

Safeguard duty to curb influx of steel import from select countries: ISA

The government's decision to impose a 12 per cent provisional safeguard duty on imported flat steel products will help curb "the influx of cheap imports, primarily from China, South Korea, and Japan", the Indian Steel Association (ISA) said on Wednesday. According to the industry body, these countries alone contributed around 78 per cent to the overall imports in FY25. "This measure aims to curb the influx of cheap steel imports, primarily from China, South Korea, and Japan," the ISA said in a statement. Further, ISA said India became a net importer of finished steel for the second consecutive year, with imports reaching a nine-year high of 9.5 million metric tonnes in 2024-25. ISA said that the DGTR has recommended this duty following an investigation initiated in December 2024. The probe revealed that the sharp increase in imports of non-alloy and alloy steel flat products was causing significant injury to domestic producers, it said. "We are grateful for the government's decis