• Latest
  • Trending
  • All
  • Industry
  • Compliance
  • Global Trade
  • Industry
  • Sustainability & Ethics
  • Video
  • Security & Risk
Indian Steelmakers Advocate for Increased Tariffs Amid Rising Imports

Indian Steelmakers Advocate for Increased Tariffs Amid Rising Imports

09/26/2024
International Trade Council and Future Farming Consortium Sign MOU to Accelerate Global Agri-Innovation

International Trade Council and Future Farming Consortium Sign MOU to Accelerate Global Agri-Innovation

10/16/2025
Trump Poised for Historic First with Possible Attendance at Supreme Court Tariff Hearing

Trump Poised for Historic First with Possible Attendance at Supreme Court Tariff Hearing

10/16/2025
Trump Considers Attending Supreme Court Hearing on Tariff Authority Case

Trump Considers Attending Supreme Court Hearing on Tariff Authority Case

10/16/2025
International Logistics Express, Inc. Nominated for the Go Global Awards 2025

International Logistics Express, Inc. Nominated for the Go Global Awards 2025

10/16/2025
Trump Confirms Ongoing US-China Trade Tensions Amid Possible Tariff Pause Extension

Trump Confirms Ongoing US-China Trade Tensions Amid Possible Tariff Pause Extension

10/16/2025
Shein Cautions Over US Tariff Policy Uncertainty Following Profit Decline

Shein Cautions Over US Tariff Policy Uncertainty Following Profit Decline

10/16/2025
EU and Spain Push Back Against US Tariff Threats Linked to NATO Spending Targets

EU and Spain Push Back Against US Tariff Threats Linked to NATO Spending Targets

10/16/2025
The Food is Good, LC Launches Free Global Tariffs & Rules Lookup Tool

The Food is Good, LC Launches Free Global Tariffs & Rules Lookup Tool

10/16/2025
Indian Exporters Turn to Europe Amid Rising U.S. Tariffs

Indian Exporters Turn to Europe Amid Rising U.S. Tariffs

10/15/2025
Officials Head to Washington for Tariff Talks

Officials Head to Washington for Tariff Talks

10/15/2025
Trump Links Tariff Policy to BRICS’ Dollar Alternatives

Trump Links Tariff Policy to BRICS’ Dollar Alternatives

10/15/2025
IMF Lifts Korea’s 2025 Growth Outlook as Tariff Impact Eases

IMF Lifts Korea’s 2025 Growth Outlook as Tariff Impact Eases

10/15/2025
supplychainreport
Saturday, October 18, 2025
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars
No Result
View All Result
supplychainreport
No Result
View All Result

Indian Steelmakers Advocate for Increased Tariffs Amid Rising Imports

by Geraldine S.
09/26/2024
in Tariffs & Duties

Indian steel manufacturers are urging the government to increase tariffs on steel imports, citing a significant rise in lower-priced shipments from China. A recent letter from the Indian Steel Association (ISA) emphasizes the need for tariffs to address this influx. India, the world’s second-largest crude steel producer, became a net importer of steel during the fiscal year ending in March 2024, a trend that has persisted into the current year. Finished steel imports from China reached a seven-year high from April to August, contributing to an overall import total of 3.7 million metric tons—the highest in six years.

In a letter dated September 2, the ISA requested that Finance Minister Nirmala Sitharaman increase the customs duty on steel imports from the current rate to 15 percent. The ISA represents major steel producers, including JSW Steel, Tata Steel, ArcelorMittal Nippon Steel India, and the state-run Steel Authority of India. The association expressed concerns about the rising imports of steel at competitive prices, which they believe poses a threat to domestic production. They also indicated that the trend of increasing steel imports is likely to continue. “There is an imminent threat of further surges in imports in the coming months,” the ISA noted.

YOU MAY ALSO LIKE

Trump Poised for Historic First with Possible Attendance at Supreme Court Tariff Hearing

Trump Considers Attending Supreme Court Hearing on Tariff Authority Case

Steel Minister HD Kumaraswamy remarked earlier this month that Indian steelmakers are facing challenges due to these cheaper imports. Additionally, the ISA has suggested implementing a further 25 percent import tax on steel.

The ISA also called for the removal of the “lesser duty rule,” which currently allows the import duty to be set only at a level necessary to prevent harm to Indian producers, rather than at a higher rate that could better protect the domestic industry. As of now, neither the Ministry of Finance nor the ISA has provided comments regarding these developments.

Explore top supply chain news stories at The Supply Chain Report. Visit ADAMftd.com for free international trade tools.

#SteelIndustry #ImportTariffs #TradePolicy #IndianSteel #MarketTrends

ShareTweet

Subscribe Our Newsletter

Share Your News

Whether it’s a groundbreaking achievement, a heartwarming tale, or an insightful perspective, we want to hear it. Share your news with us, and let’s amplify your voice in the digital symphony of stories.

Submit

A man is riding a bike on a hill.

The Supply Chain Report is your essential daily news website, serving as a trusted source for comprehensive coverage of the complex and ever-evolving global supply chain dynamics. Our expert team delves into the intricacies of international trade, manufacturing, logistics, importing, exporting, and supply chain management; providing in-depth analysis and up-to-date news on the latest trends, disruptions, and technological advancements affecting industries worldwide. From detailed reports on international trade through to insights into procurement strategies and inventory management, we offer valuable content that helps professionals stay informed and make knowledgeable decisions in a fast-paced market.

Each day, we bring you cutting-edge news and expert commentary that dissect significant international trade and supply chain issues Our coverage spans a wide array of sectors including manufacturing, retail, healthcare, food, consumer goods, and technology, ensuring that no matter your field, you have the strategic information needed to navigate the challenges and opportunities of today’s supply chain landscape. By synthesizing complex data and presenting actionable insights, The Supply Chain Report empowers business leaders, policymakers, and logistics professionals to optimize their operations and drive forward with confidence in an interconnected world.

Connect With Us

  • About
  • Events
  • Privacy Policy
  • Contact Us

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.

No Result
View All Result
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.