News Formal

U.S. Steel Tariffs Send Shockwaves Through Indian Steel Industry

  • 📰 OilandEnergy
  • ⏱ Reading Time:
  • 21 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 68%

India News

China,Steel,United States

India's steel industry is facing a multitude of challenges, including rising steel imports, weak domestic demand in China, and potential U.S. steel tariffs.

Via Metal Miner India’s steel industry currently finds itself in a stressful predicament. Already reeling from cheap steel imports, the country is now even more worried about a surge of Chinese imports following the imposition of fresh tariffs on Chinese steel by U.S. President Joe Biden. Alongside the U.S., India and many other countries around the world have long desired a more “level playing field” for the trade of steel, aluminum, and other metals.

Steel industry fluctuations like these are covered extensively in MetalMiner’s free weekly newsletter. Chinese Exports Keep Increasing A look at recent trade record books for China shows an upward graph in terms of steel exports. In April this year, steel exports remained above the nine million tons mark. As with India, this “excess” steel continues to add to trade tensions between China and other nations.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 34. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Steel Industry Collaboration Ushers in a New Era of Eco-Friendly ManufacturingThyssenKrupp and EP Corporate Group form a joint venture to transform the steel industry with green hydrogen furnaces and sustainable steel production.
Source: OilandEnergy - 🏆 34. / 68 Read more »

Steel Producers Make Major Move to Improve Market TransparencySteel producers Nucor and Cliffs introduce weekly and monthly HRC pricing, aiming for market transparency and potential influence on indexes.
Source: OilandEnergy - 🏆 34. / 68 Read more »