GOVERNMENTS/ASSOCIATIONS/FASTENER GROUPS
India Extends Steel Import Tariffs for 3 Years to Shield Domestic Industry from Chinese Dumping
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2026-02-05
India's Ministry of Finance issued an order on December 30, 2025, extending steel import tariffs for three years in its latest move to protect the domestic industry from global oversupply pressures. Tariffs on certain products will remain at 11% to 12%; the original measures were first introduced in April 2025 for 200 days.
Facing a flood of low-priced exports from China that have driven global steel prices to multi-year lows, India is the latest country to respond. Cheap imports have hammered local Indian producers like JSW Steel, forcing some smaller mills to shut down despite steady domestic demand. India's steel sector has expanded rapidly over the past decade, but output remains just a fraction of China's. Producers are banking on long-term gains from urbanization and industrial growth, with these tariffs providing long-awaited relief for mills.
Analysts note that the policy bolsters supply chain resilience, supporting steady advancement in the local steel industry and expected to spur investment and capacity upgrades.
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GOVERNMENTS/ASSOCIATIONS/FASTENER GROUPS
2026-02-05
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