Indian Steelmakers Urge Government to Double Tariffs Amid Surge in Chinese Steel Imports
India’s steel industry is facing challenges from a surge in cheaper steel imports, primarily from China. The Indian Steel Association (ISA), which represents major players such as JSW Steel, Tata Steel, and ArcelorMittal Nippon Steel India, has called on the Indian government to address this issue by increasing tariffs on steel imports. In a letter addressed to Finance Minister Nirmala Sitharaman, ISA has requested the government to double the customs duty on steel imports to 15%, in order to protect the domestic steel market from the influx of cheaper steel.