MUMBAI -- India is bracing for an increase in steel imports following U.S. President Donald Trump's 25% tariff on all steel, which could push major producers like Japan, South Korea and China to redirect more of their production toward India, further impacting the commodity's price in the South Asian nation.
Trade
India braces as Trump tariffs could create a surge in steel imports
New Delhi considers safeguard duty as oversupply from China, South Korea, Japan looms
An employee at a steel factory in India: Over the past few years, steel prices in the country have been driven down by an influx of finished steel, especially from China. © Reuters
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