New Delhi, India, will become more vulnerable to importing low-cost steel, as countries affected by the US tariff movement could lead their consignments to the domestic market, Isda of the industry said on Thursday. President Donald Trump announced reciprocal rates on about 60 countries on Wednesday in a historical measure to counter higher duties imposed on US products worldwide. For India, the US has announced 27 percent of reciprocal rates saying that New Delhi imposes high import taxes on US goods, as the Donald Trump administration aims to reduce the country’s trading deficit and increase manufacturing. Autos and auto parts and steel and aluminum articles, which are already subject to the rates of Article 232 at 25 percent, announced earlier in Trump’s order on March 26, 2025, are not covered in the latest order. In response to the development, Indian Stainless Steel Development Association said the total amount of export to the US remains modest, limiting the direct impact of reciprocal rates on the stainless steel sector. “However, the larger concern lies in the potential trading disorders caused by such policies. Countries facing US rates can redirect their export to India, leading to an influx of low-cost imports,” said Rajamani Krishnamurti, president of the Issda. This is an important challenge for domestic producers, which threatens the sustainability and growth of the Indian stainless steel industry, he said. Krishnamurti said that ISDA has been constantly warning against these risks, emphasizing that unmarked trading disorders can undermine in particular from countries such as China and Vietnam domestic manufacturing and employment in the sector. He further urged the government to carefully monitor import trends and proactively introduce the necessary security measures to protect the interests of the Indian stainless steel industry. This article was generated from an automated news agency feed without edits to text. Catch all the business news, market news, news reports and latest news updates on Live Mint. Download the Mint News app to get daily market updates. Business NewsMarketsstock Marketsus Rate: Indian market to become more vulnerable to low-cost steel imports from other countries
US tariff: Indian market to become more vulnerable for low-cost steel imports from other countries
