Statement by Mr Naveen Jindal, President, Indian Steel Association
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Statement by Mr Naveen Jindal, President, Indian Steel Association
Raipur chhattisgarh VISHESH Raipur10.02.2025The Indian Steel Association (ISA) expresses deep concern over the U.S. decision to impose tariffs on steel imports, a move that will further disrupt global trade and intensify challenges for the steel industry.
The U.S., a major steel importer, has historically imposed strict trade restrictions, with over 30 remedial actions in force against Indian steel-some for more than three decades. This latest tariff is expected to slash steel exports to the U.S. by 85%, creating a massive surplus that will likely flood India-one of the few major markets without trade restrictions presently.
India’s carbon steel exports to the U.S. are already negligible due to longstanding ADD and CVD measures, Yet, this decision will only add to the misery and aggravate the situation further. With the U.S. shutting its doors to global steel, the surplus will inevitably be redirected to India, threatening our domestic industry with market distortions, price crashes, and unfair competition.The ISA urges the Government of India to take urgent diplomatic action to push for the removal of longstanding AD and CVD duties and secure exemptions from restrictive measures.
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