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Trump’s 50% Steel Tariff May Not Hit India Directly, but Global Trade Sentiment at Risk

Former US President Donald Trump has announced a sharp hike in import tariffs on steel and aluminium, doubling them to 50% starting June...

Market UpdatesNewsSteel DailyTrending News

India’s Finished Steel Imports Surge 16% in April-February – Exports Plunge 34%

India’s finished steel imports rose sharply by 15.8% to 8.98 million metric tons (mt) during the April-February period of the 2024-25 fiscal year,...

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India’s Steel Imports Drop 40% in February Amid Safeguard Duty Concerns; Exports Plunge 60%

Imports of steel into India plunged 40% in February to 0.6 million tonnes the lowest level since April. This drop was 29% lower than January’s...

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Government Weighs Options to Shield MSMEs from Steel Price Surge Amid Safeguard Duty Talks

The Indian government is mulling to protect micro, small, and medium enterprises (MSMEs) from a possible increase in steel prices if safeguard duties...