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

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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.

 

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