Posted 3/4/2024, 9:00:00 PM
India's Surging Steel Imports Prompt Calls for Trade Barriers
- India becomes a net importer of steel, with imports exceeding exports by over 30% in recent months
- Chinese steel imports into India surge 63% from April-July 2024, raising concerns
- Steel industry leaders advocate for tariffs, barriers, and reassessing trade deals to address imports
- Tata Steel CEO forecasts global steel prices to surge $600-$650 per ton in 2024
- India's steel sector seeks overhaul of free trade agreements that have increased steel imports
