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JSPL president Naveen Jindal says that the US can dump products in India due to huge domestic demand, with the US announcement of tariffs sending shipments on steel and aluminum imports.
US President Donald Trump has announced a 25 percent tariff on all steel and aluminum imports.
An industry official said on Saturday that the domestic steel industry should be on guards as countries exporting to the US can remove shipments in India after imposing tariffs. With tariffs announced by the US on steel and aluminum imports, the countries sending shipments in the US, Naveen Jindal, president of Jindal Steel and Power Limited (JSPL), dumped products due to the global trade summit (GBS) Can
“So, for this, the Indian steel industry will have to protect against unfair exports in India,” he warned.
US President Donald Trump has announced a 25 percent tariff on all steel and aluminum imports.
Jindal said that the Indian Steel Association has already filed an application with DGTR in this regard which is reviewing it.
Indian steel manufacturers are constantly increasing the issue of steel dumping in the Indian market from a select group of countries that have affected their competition.
The executive of the industry further said that he is soon expecting a positive decision.
According to official data, India’s exports have shrunk 28.9 percent to 3.99 million tonnes during the April-January period of FY25 compared to 5.61 million tonnes in the period of the previous financial year.
During the current financial year period, this country increased by more than 20 percent to 8.29 million tonnes with inbound shipment to a pure importer of steel.
(This story has not been edited by News18 employees and a syndicated news agency has been published from feed – PTI,
