India’s steel sector is advocating for a significant increase in import protections as domestic producers struggle with dumping and competitive pricing from abroad. Steel Secretary and industry leaders are urging the government to consider doubling tariffs and expanding anti-dumping measures to safeguard the local industry.
The Ministry of Steel is evaluating raising the current safeguard duty on steel imports from 12 per cent to 24 per cent-a move aimed at curbing illegal dumping practices, especially by Chinese exporters, whose products are increasingly undercutting domestic producers. A government insider noted that Chinese manufacturers are seeking loopholes to bypass existing trade measures, fueling concerns over rising imports that threaten India’s steel market.
In alignment with government discussions, major steel industry figures have advocated for protective tariffs. Chairman of SAIL emphasised the need for tariff measures to create a level playing field, particularly as imports from China hit a seven‑year high earlier this year. Similarly, Dilip Oommen, CEO of ArcelorMittal Nippon Steel India, had previously urged customs duties been doubled to address dumping and predatory pricing.Â
The stainless-steel segment is also under scrutiny. Leaders at Jindal Stainless plan to submit a formal petition this month calling for anti-dumping duties. Corporate Affairs Director Vijay Sharma and Chairman Ratan Jindal have warned that unchecked imports are undermining investor confidence and jeopardizing future growth in the sector.
India remains the world’s second-largest crude steel producer but has become a net importer of finished steel. Early 2025 has seen a spike in imports, particularly from non‑FTA countries like China, South Korea, and Japan. Industry insiders view the 12 per cent safeguard duty imposed in April as insufficient, though still a step in the right direction.
As New Delhi weighs the possibility of escalating duties to 24 per cent, the steel ministry is carefully balancing protections for domestic producers with potential impacts on downstream industries and export competitiveness.
