A red-hot steel plate is made shorter at the Tata Steel factory in Velsen-Noord, Netherlands March 26, 2024. NEW DELHI: India's steel imports from China were"unfairly priced" and prolonged shipments could hurt investment plans of the domestic steel industry, the chief executive of Tata Steel told Reuters on Thursday .
"If this continues for very long, it will have an impact on the investment plans that the steel industry is making," he said. The industry is seeking higher imports tariffs or safeguard measures to tackle rising imports, Narendran said.Steel demand in India is expected to grow at 8 per cent - 9 per cent during 2024/25, Narendran said, driven by construction, automotives, railways and oil and gas.
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