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BENGALURU, India (AP) — Rows of small factories line the streets of a dusty suburb in Bengaluru, where workers weld and cast Indian-made steel into everything from car parts to kitchen sinks.
Despite a 12% safeguard duty on steel imports, importers are finding ways to avoid it, resulting in falling domestic prices.
India’s steel industry contemplates potential fallout from Trump administration tariffs A worker welds a steel chassis at a factory in a suburb of Bengaluru, India, Thursday, Feb. 27, 2025.
Steel is a critical industrial metal for the growth and development of several sectors, including infrastructure, ...
India from January imposed curbs on imports of low-ash metallurgical coke, or met coke, with country-specific quotas to help domestic suppliers. The move unsettled steel majors, like ArcelorMittal ...
India, which also saw a similar expansion this year, ... China's real-estate problems and the lingering impact of Covid-19 will keep its steel demand suppressed next year, ...
India's steel production rose to 125.3 million tons in 2022, making it the only large producer to increase output amidst a global decline, including China, the world's largest producer.
India Business News: India, which also saw a similar expansion this year, overtook the US to become the world’s No. 2 steel consumer after China a couple of years ago.
The recently announced U.S. tariffs on steel imports mean that countries like China, which export to the U.S., will need to find new markets — and that could lead to steel dumping in places like ...
BENGALURU, India (AP) — Rows of small factories line the streets of a dusty suburb in Bengaluru, where workers weld and cast Indian-made steel into everything from car parts to kitchen sinks.
India's steel industry is big and dirty—and is set to keep growing. India is the world's most populous nation and one of the fastest-growing major economies.
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