Page 2 - Us Tariff On Steel
US tariffs may divert steel shipments to India, affecting local prices
Indian steel market may become a victim of diverted shipments putting pressure on local prices, Icra said after the US administration announced 25 per cent tariff on all steel and aluminium imports. The latest trade measures cut both ways for the domestic steel industry. First, deliveries of 4 MTPA to the US from Asian suppliers like Japan and South Korea, which till now had preferential market access, could be partly bounced-off to high-growth markets like India, Icra said. Icra noted that these two countries rank among the top three steel exporters to India, accounting for 40-55 per cent of India's overall finished and semis (finished) steel imports. Given the duty-free access on account of the free trade agreements (FTA) with India, import pressures from South Korea and Japan could increase in FY2026 as they search for alternate markets. This can exert pressure on domestic steel prices, pulling down the industry's earnings further in FY2026. Unlike South Korea and Japan, China h
 "US tariffs may divert steel shipments to India, affecting local prices")
EU, Canada, Mexico condemn Trump's move to hike steel and aluminium tariffs
Trump signed proclamations late on Monday raising the US tariff rate on aluminium to 25 per cent from his previous 10 per cent rate
 "EU, Canada, Mexico condemn Trump's move to hike steel and aluminium tariffs")
Tata Steel, SAIL: Outlook for Indian steel stocks on Trump tariff woes
Technical chart shows that Nifty Metal has a strong support base around the 8,000-mark; In case, the index violates the same it can slide another 15 per cent from present levels.
Chinese firms seek assurances from Malaysia on avoiding US tariffs
The companies have asked Malaysian ministers and senior government officials to lobby against US imposing tariffs on products made or assembled in Malaysia by Chinese groups
 "Chinese firms seek assurances from Malaysia on avoiding US tariffs")
SAIL watching Chinese steel imports post US tariff hikes: Chairman
The state-run SAIL has continued to buy steelmaking coking coal from Russia at 75,000 tons per ship
 "SAIL watching Chinese steel imports post US tariff hikes: Chairman")
US curbs steel imports from Mexico, Brazil to boost domestic manufacturing
The U.S. Trade Representative's office said it was reducing Brazil's remaining 2020 quota for semi-finished steel imports into the United States to 60,000 metric tons from 350,000 tons
 "US curbs steel imports from Mexico, Brazil to boost domestic manufacturing")
India to join Norway in WTO case against US on steel, aluminium duties
In a communication to the World Trade Organisation (WTO), India said it has substantial trade interest in the sector
 "India to join Norway in WTO case against US on steel, aluminium duties")