Tata Steel CEO Calls for Government Action to Curb Rising Steel Imports

Tata Steel CEO T V Narendran has urged the government to take immediate action to control rising steel imports, which he says are negatively impacting domestic manufacturers. Speaking at the 69th Foundation Day of the All India Management Association (AIMA) in New Delhi, Narendran warned that if the issue remains unaddressed, future investments in the steel sector could be severely affected.

“The steel industry has been one of the biggest private sector investors in recent years, with all major players announcing significant expansion plans. However, while one phase of expansion is being completed, unchecked steel imports continue to depress prices, making it difficult for domestic companies to maintain healthy cash flows,” Narendran stated.

He pointed out that excess steel, which cannot find other markets, often ends up in India at lower prices, undercutting local production. This puts financial pressure on Indian steelmakers, as their revenues take a hit from cheap imports. “The government needs to intervene with appropriate trade measures to ensure a level playing field for domestic producers,” he added.

Over the years, the Indian steel sector has seen substantial growth, with large-scale investments from both public and private entities. However, the current import surge threatens to derail this momentum. Industry leaders have consistently called for protective measures such as anti-dumping duties or stricter import regulations to prevent unfair competition.

The demand for government intervention comes at a time when the Indian economy is focusing on infrastructure development, which heavily relies on steel production. If domestic players continue to struggle due to cheap imports, the broader economic impact could be significant, affecting employment and long-term sectoral growth.

The steel industry remains a crucial contributor to India’s economy, and stakeholders are hopeful that the government will implement policy measures to protect domestic manufacturers from excessive foreign competition.